Trade-Ideas LLC identified Heska Corporation ( HSKA) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Heska Corporation as such a stock due to the following factors:

  • HSKA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.6 million.
  • HSKA has traded 51,369 shares today.
  • HSKA is trading at 19.12 times the normal volume for the stock at this time of day.
  • HSKA is trading at a new high 17.15% 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 HSKA: Heska Corporation develops, manufactures, markets, sells, and supports veterinary products for canine and feline companion animal health markets in the United States, Europe, and internationally. The average volume for Heska Corporation has been 22,700 shares per day over the past 30 days. Heska has a market cap of $55.4 million and is part of the health care sector and health services industry. The stock has a beta of 0.46 and a short float of 3.2% with 2.55 days to cover.

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