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Trade-Ideas LLC identified
) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Energy Focus as such a stock due to the following factors:
- EFOI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.0 million.
- EFOI has traded 253,566 shares today.
- EFOI is trading at 166.95 times the normal volume for the stock at this time of day.
- EFOI is trading at a new low 5.27% below yesterday's close.
'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of 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 (or avoid losses by trimming weak positions). 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 EFOI:
Energy Focus, Inc. designs, develops, manufactures, markets, and installs energy-efficient lighting systems and solutions in the United States and internationally.
The average volume for Energy Focus has been 41,900 shares per day over the past 30 days. Energy Focus has a market cap of $8.9 million and is part of the consumer goods sector and consumer durables industry. The stock has a beta of 3.03 and a short float of 1.2% with 0.02 days to cover. Shares are up 28.2% year-to-date as of the close of trading on Friday.