Trade-Ideas LLC identified ( ) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Altisource Portfolio Solutions as such a stock due to the following factors:
- ASPS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.0 million.
- ASPS has traded 73,618 shares today.
- ASPS is trading at 5.89 times the normal volume for the stock at this time of day.
- ASPS is trading at a new high 5.03% above yesterday's close.
'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into 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. 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 ASPS with the Ticky from Trade-Ideas. More details on ASPS: Altisource Portfolio Solutions S.A. operates as a marketplace and transaction solutions...