Trade-Ideas LLC identified

Crestwood Equity Partners

(

CEQP

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

  • CEQP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $42.1 million.
  • CEQP has traded 87,937 shares today.
  • CEQP is trading at 3.43 times the normal volume for the stock at this time of day.
  • CEQP is trading at a new high 6.04% 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 CEQP:

Crestwood Equity Partners LP provides midstream solutions to customers in the crude oil, natural gas liquids (NGLs), and natural gas sectors of the energy industry in the United States. The stock currently has a dividend yield of 28.5%.

The average volume for Crestwood Equity Partners has been 329,900 shares per day over the past 30 days. Crestwood Equity has a market cap of $1.3 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.06 and a short float of 8.7% with 0.38 days to cover. Shares are down 75.9% year-to-date as of the close of trading on Tuesday.

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