Leidos Holdings (LDOS) Stock Storming The Castle Today

Trade-Ideas LLC identified Leidos Holdings (LDOS) as a "storm the castle" (crossing above the 200-day simple moving average on higher than normal relative volume) candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Leidos Holdings

(

LDOS

) 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 Leidos Holdings as such a stock due to the following factors:

  • LDOS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $151.7 million.
  • LDOS has traded 1.2 million shares today.
  • LDOS is trading at 2.29 times the normal volume for the stock at this time of day.
  • LDOS 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, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on LDOS:

Leidos Holdings, Inc., an applied technology company, delivers solutions and services in the national security, health, and engineering markets in the United States and internationally.

The average volume for Leidos Holdings has been 758,300 shares per day over the past 30 days. Leidos has a market cap of $3.8 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.76 and a short float of 1.9% with 0.71 days to cover.

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