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Teekay Offshore Partners (TOO) Stock: Weak On High Volume Today

Trade-Ideas LLC identified Teekay Offshore Partners ( TOO) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Teekay Offshore Partners as such a stock due to the following factors:

  • TOO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.2 million.
  • TOO has traded 209,509 shares today.
  • TOO is trading at 3.08 times the normal volume for the stock at this time of day.
  • TOO is trading at a new low 3.11% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize (or avoid losses by trimming weak positions). In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success. EXCLUSIVE OFFER: Get the inside scoop on opportunities in TOO with the Ticky from Trade-Ideas. See the FREE profile for TOO NOW at Trade-Ideas More details on TOO: Teekay Offshore Partners L.P. provides marine transportation, oil production, storage, towage, and floating accommodation services to the...