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Trade-Ideas LLC identified
) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Digital Ally as such a stock due to the following factors:
- DGLY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $102.5 million.
- DGLY has traded 882,856 shares today.
- DGLY is up 22.2% today.
- DGLY was down 19.5% yesterday.
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More details on DGLY:
Digital Ally, Inc. produces digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally.
The average volume for Digital Ally has been 26,300 shares per day over the past 30 days. Digital Ally has a market cap of $19.4 million and is part of the technology sector and electronics industry. The stock has a beta of 1.13 and a short float of 6.4% with 0.03 days to cover. Shares are down 4.9% year-to-date as of the close of trading on Friday.