Weak On High Volume: Matrix Service (MTRX)

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 Matrix Service ( MTRX) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Matrix Service as such a stock due to the following factors:

  • MTRX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.0 million.
  • MTRX has traded 933,501 shares today.
  • MTRX is trading at 66.41 times the normal volume for the stock at this time of day.
  • MTRX is trading at a new low 26.09% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of 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 (or avoid losses by trimming weak positions). 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.

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

If you liked this article you might like

Analysts' Actions -- HD Supply, JD.com, Sarepta, Wells Fargo and More

Matrix Service (MTRX) Stock Soars as Q4 Results Beat Estimates

4 Cheap Stocks for Small-Cap Value Hunters

Four Small Cap Value Stocks Too Cheap to Ignore

Insider Trading Alert - BRC, MTRX And GLAD Traded By Insiders