Strong On High Volume: Infinera (INFN)

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 Infinera ( INFN) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Infinera as such a stock due to the following factors:

  • INFN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $23.6 million.
  • INFN has traded 724,043 shares today.
  • INFN is trading at 7.96 times the normal volume for the stock at this time of day.
  • INFN is trading at a new high 7.07% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into 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. 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 INFN with the Ticky from Trade-Ideas. See the FREE profile for INFN NOW at Trade-Ideas

More details on INFN:

If you liked this article you might like

These Stocks Are Ready to Reverse Course

The Stock That Crashed 25% Overnight Has a Lesson to Teach Us: Market Recon

Top Earnings Takeaways for HP Enterprise, Palo Alto Networks, Box and Ciena

Top Earnings Takeaways for HP Enterprise, Palo Alto Networks, Box and Ciena

Wells Fargo, Suburban Propane, Hi-Crush Partners: 'Mad Money' Lightning Round