ArcBest (ARCB) Stock: Weak On High Volume Today
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
(
) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified ArcBest as such a stock due to the following factors:
- ARCB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.9 million.
- ARCB has traded 83,131 shares today.
- ARCB is trading at 6.90 times the normal volume for the stock at this time of day.
- ARCB is trading at a new low 6.17% 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 ARCB with the Ticky from Trade-Ideas. See the FREE profile for ARCB NOW at Trade-Ideas
More details on ARCB:
ArcBest Corporation provides freight transportation services and integrated logistics solutions worldwide. The stock currently has a dividend yield of 0.4%. ARCB has a PE ratio of 24.5.
The average volume for ArcBest has been 282,900 shares per day over the past 30 days. ArcBest has a market cap of $865.4 million and is part of the services sector and transportation industry. The stock has a beta of 1.25 and a short float of 6.5% with 5.40 days to cover. Shares are down 1.2% year-to-date as of the close of trading on Friday.
null