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Actionable news in SYF: SYNCHRONY FINANCIAL,

Storm The Castle Stock Of The Day: Synchrony Financial (SYF)

Trade-Ideas LLC identified Synchrony Financial ( SYF) as a "storm the castle" (crossing above the 200-day simple moving average on higher than normal relative volume) candidate. In addition to specific proprietary factors, Trade-Ideas identified Synchrony Financial as such a stock due to the following factors:

  • SYF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $151.2 million.
  • SYF has traded 1.6 million shares today.
  • SYF is trading at 5.67 times the normal volume for the stock at this time of day.
  • SYF crossed above its 200-day simple moving average.

'Storm the Castle' stocks are worth watching because trading stocks that begin to experience a breakout can lead to potentially massive profits. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock is then free to find new buyers and momentum traders who can ultimately push the stock significantly higher. 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 on. In the event of a well-timed trading opportunity...