Leidos Holdings (LDOS) Is Weak On High Volume Today - TheStreet

Trade-Ideas LLC identified

Leidos Holdings

(

LDOS

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

  • LDOS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $35.6 million.
  • LDOS has traded 1.3 million shares today.
  • LDOS is trading at 28.46 times the normal volume for the stock at this time of day.
  • LDOS is trading at a new low 5.04% 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 LDOS:

Leidos Holdings, Inc., an applied technology company, delivers solutions and services in the national security, health, and engineering markets in the United States and internationally.

The average volume for Leidos Holdings has been 758,300 shares per day over the past 30 days. Leidos has a market cap of $3.8 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.76 and a short float of 1.9% with 2.48 days to cover.

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