Trade-Ideas: Total (TOT) Is Today's

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 Total ( TOT) as a "roof leaker" (crossing below the 200-day simple moving average on higher than normal relative volume) candidate. In addition to specific proprietary factors, Trade-Ideas identified Total as such a stock due to the following factors:

  • TOT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $73.2 million.
  • TOT has traded 648,319 shares today.
  • TOT is trading at 11.16 times the normal volume for the stock at this time of day.
  • TOT crossed below its 200-day simple moving average.

'Roof Leaker' stocks are worth watching because trading stocks that begin to experience a breakdown can lead to potentially massive losses. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock may then be subject to emotional selling from investors that can continue to drive the stock lower. Regardless of the impetus behind the price and volume action, when a stock moves with weakness and volume it can indicate the start of a new, potentially dangerous, trend.

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More details on TOT:

TOTAL S.A., together with its subsidiaries, operates as an oil and gas company worldwide. The company operates in three segments: Upstream, Refining & Chemicals, and Marketing & Services. The stock currently has a dividend yield of 3.9%. TOT has a PE ratio of 7.2. Currently there are 5 analysts that rate Total a buy, 2 analysts rate it a sell, and 3 rate it a hold.

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