Today's Water-Logged And Getting Wetter Stock: Kellogg (K)

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 Kellogg ( K) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Kellogg as such a stock due to the following factors:

  • K has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $78.6 million.
  • K has traded 342,522 shares today.
  • K traded in a range 221.6% of the normal price range with a price range of $1.53.
  • K traded below its daily resistance level (quality: 127 days, meaning that the stock is crossing a resistance level set by the last 127 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a possible continuation as the stock moves lower.

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

If you liked this article you might like

Cramer: Dominoes Are in Play Today

Inspirational Quotes From Top Business Leaders to Get You Through Tough Times

The 10 Stocks America's Biggest Hedge Funds Are Dumping Like Crazy

Target Plucks Executives from Walmart, General Mills to Ignite Grocery Business