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Actionable news in FGEN: FIBROGEN INC,

Weak On High Volume: FibroGen (FGEN)

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

  • FGEN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.9 million.
  • FGEN has traded 75,615 shares today.
  • FGEN is trading at 2.12 times the normal volume for the stock at this time of day.
  • FGEN is trading at a new low 3.07% 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 FGEN...


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