Timken (TKR) Marked As A Dead Cat Bounce Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Timken (TKR) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Timken as such a stock due to the following factors:

  • TKR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $60.2 million.
  • TKR has traded 1.1 million shares today.
  • TKR is up 3% today.

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

More details on TKR:

The Timken Company engineers, manufactures, and markets mechanical components, bearings, and engineered steel bars and tubes worldwide. It operates through four segments: Mobile Industries, Process Industries, Aerospace, and Steel. The stock currently has a dividend yield of 1.5%. TKR has a PE ratio of 26.1. Currently there are 4 analysts that rate Timken a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Timken has been 764,100 shares per day over the past 30 days. Timken has a market cap of $6.2 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.70 and a short float of 2% with 1.78 days to cover. Shares are down 12.5% year-to-date as of the close of trading on Tuesday.

If you liked this article you might like

So Far, So Good for My Buyback/Dividend Growth Portfolio

Baker's Dozen Plus One Make Up My New Buyback/Dividend Growth Portfolio

Cramer: These Stocks Look Like 'Easy Pickings'

Cramer: The Best Performers Show No Signs of Letting Up