Trade-Ideas LLC identified

Netsol Technologies

(

NTWK

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

  • NTWK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.1 million.
  • NTWK has traded 101,472 shares today.
  • NTWK is trading at 18.24 times the normal volume for the stock at this time of day.
  • NTWK is trading at a new low 5.50% 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.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in NTWK with the Ticky from Trade-Ideas. See the FREE profile for NTWK NOW at Trade-Ideas

More details on NTWK:

NetSol Technologies, Inc. designs, develops, markets, and exports software products to automobile finance and leasing, banking, healthcare, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services.

The average volume for Netsol Technologies has been 169,500 shares per day over the past 30 days. Netsol has a market cap of $41.9 million and is part of the technology sector and computer software & services industry. The stock has a beta of 1.28 and a short float of 0.3% with 0.07 days to cover.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.