Strong On High Relative Volume: ARRIS Group (ARRS)
Trade-Ideas LLC identified
(
) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified ARRIS Group as such a stock due to the following factors:
- ARRS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $47.3 million.
- ARRS has traded 835,401 shares today.
- ARRS is trading at 5.37 times the normal volume for the stock at this time of day.
- ARRS is trading at a new high 3.01% 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.
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More details on ARRS:
ARRIS International plc provides media entertainment and data communications solutions in the United States and internationally. It operates through two segments, Customer Premises Equipment and Network & Cloud. ARRS has a PE ratio of 18.
The average volume for ARRIS Group has been 1.9 million shares per day over the past 30 days. ARRIS Group has a market cap of $4.5 billion and is part of the technology sector and telecommunications industry. The stock has a beta of 1.43 and a short float of 3.3% with 2.87 days to cover. Shares are down 0.2% year-to-date as of the close of trading on Tuesday.
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