Trade-Ideas: McDermott International (MDR) Is Today's "Perilous Reversal" Stock
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 "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified McDermott International as such a stock due to the following factors:
- MDR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $17.7 million.
- MDR has traded 386,526 shares today.
- MDR is down 4.2% today.
- MDR was up 27.6% yesterday.
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More details on MDR:
McDermott International, Inc. operates as an engineering, procurement, construction, and installation (EPCI) company worldwide. The company operates in three segments: Asia Pacific, Atlantic, and the Middle East. It focuses on designing and executing complex offshore oil and gas projects.
The average volume for McDermott International has been 4.7 million shares per day over the past 30 days. McDermott International has a market cap of $1.9 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.20 and a short float of 19% with 8.04 days to cover.
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