Leidos Holdings (LDOS) Weak On High Volume Today

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

  • LDOS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.3 million.
  • LDOS has traded 182,984 shares today.
  • LDOS is trading at 15.05 times the normal volume for the stock at this time of day.
  • LDOS is trading at a new low 11.01% 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.

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More details on LDOS:

Leidos Holdings, Inc. provides science and technology solutions in the United States. The company delivers solutions and services for data analytics, systems integration, and cybersecurity to the agencies of the U.S. Department of Defense, the intelligence community, and the U.S.

The average volume for Leidos Holdings has been 758,300 shares per day over the past 30 days. Leidos has a market cap of $3.8 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.34 and a short float of 6.1% with 5.94 days to cover.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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