Zagg (ZAGG) Is Today's Strong On High Volume Stock

Trade-Ideas LLC identified Zagg (ZAGG) as a strong on high relative volume candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Zagg

(

ZAGG

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Zagg as such a stock due to the following factors:

  • ZAGG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $5.9 million.
  • ZAGG has traded 107,425 shares today.
  • ZAGG is trading at 2.59 times the normal volume for the stock at this time of day.
  • ZAGG is trading at a new high 3.14% 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 ZAGG:

ZAGG Inc, together with its subsidiaries, designs, manufactures, and distributes product solutions for mobile devices. ZAGG has a PE ratio of 17.

The average volume for Zagg has been 615,700 shares per day over the past 30 days. Zagg has a market cap of $146.5 million and is part of the services sector and specialty retail industry. The stock has a beta of 1.17 and a short float of 8.8% with 2.24 days to cover. Shares are down 49.9% year-to-date as of the close of trading on Friday.

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