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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 ZELTIQ Aesthetics as such a stock due to the following factors:
- ZLTQ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.0 million.
- ZLTQ has traded 228,990 shares today.
- ZLTQ is trading at 4.51 times the normal volume for the stock at this time of day.
- ZLTQ is trading at a new high 5.02% 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 ZLTQ:
ZELTIQ Aesthetics, Inc., a medical technology company, is engaged in developing and commercializing non-invasive products for the selective reduction of fat. It offers CoolSculpting system, which utilizes proprietary controlled-cooling technology to selectively reduce stubborn fat bulges.
The average volume for ZELTIQ Aesthetics has been 498,300 shares per day over the past 30 days. ZELTIQ Aesthetics has a market cap of $574.5 million and is part of the health care sector and health services industry. The stock has a beta of 0.15 and a short float of 11% with 8.62 days to cover. Shares are down 11.2% year-to-date as of the close of trading on Tuesday.