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Trade-Ideas LLC identified
) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified iBio as such a stock due to the following factors:
- IBIO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.7 million.
- IBIO has traded 7.4 million shares today.
- IBIO is trading at 104.32 times the normal volume for the stock at this time of day.
- IBIO is trading at a new high 56.04% 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 IBIO:
iBio, Inc., a biotechnology company, focuses on the commercialization of its proprietary plant-based protein expression technologies in the United States and internationally.
The average volume for iBio has been 357,400 shares per day over the past 30 days. iBio has a market cap of $36.8 million and is part of the health care sector and drugs industry. The stock has a beta of 0.90 and a short float of 0.2% with 0.01 days to cover.