- MELI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $46.2 million.
- MELI has traded 376,301 shares today.
- MELI traded in a range 211.5% of the normal price range with a price range of $4.63.
- MELI traded above its daily resistance level (quality: 154 days, meaning that the stock is crossing a resistance level set by the last 154 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).
Stocks matching the 'Barbarian at the Gate' 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 positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher. EXCLUSIVE OFFER: Get the inside scoop on opportunities in MELI with the Ticky from Trade-Ideas. See the FREE profile for MELI NOW at Trade-Ideas