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Trade-Ideas: Helix Energy Solutions Group (HLX) Is Today's "Dead Cat Bounce" Stock

Trade-Ideas LLC identified Helix Energy Solutions Group ( HLX) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Helix Energy Solutions Group as such a stock due to the following factors:

  • HLX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.8 million.
  • HLX has traded 50,386 shares today.
  • HLX is up 3.6% today.
  • HLX was down 5.1% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in HLX with the Ticky from Trade-Ideas. See the FREE profile for HLX NOW at Trade-Ideas More details on HLX: Helix Energy Solutions Group, Inc., together with its subsidiaries, provides specialty services to the offshore energy industry primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. HLX has a PE ratio of 18. Currently there are 2 analysts that rate Helix Energy Solutions Group a buy, no analysts rate it a sell, and 4 rate it a hold. The average volume for Helix Energy Solutions Group has been 2.3 million shares per day over the past 30 days. Helix Energy Solutions Group has a market cap of $623.0 million and is part of the basic materials sector and energy industry. The stock has a beta of 1.95 and a short float of 4.1% with 1.25 days to...