Trade-Ideas: Open Text (OTEX) Is Today's Strong And Under The Radar Stock

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 Open Text ( OTEX) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Open Text as such a stock due to the following factors:

  • OTEX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.0 million.
  • OTEX is making at least a new 3-day high.
  • OTEX has a PE ratio of 31.6.
  • OTEX is mentioned 1.00 times per day on StockTwits.
  • OTEX has not yet been mentioned on StockTwits today.
  • OTEX is currently in the upper 20% of its 1-year range.
  • OTEX is in the upper 35% of its 20-day range.
  • OTEX is in the upper 45% of its 5-day range.
  • OTEX is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

If you liked this article you might like

'Mad Money' Lightning Round: J.C. Penney Is 'A Lot Better,' Jim Cramer Says

Summer Is Over for Software Bankers and Lawyers

Analysts' Actions -- Anthem, Chevron, DR Horton, Under Armour and More

Closing Bell: Fed's Brainard Cautions 'Prudence'; U.S. Stocks Soar