Strong On High Volume: Primero Mining (PPP)

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

  • PPP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.7 million.
  • PPP has traded 87,066 shares today.
  • PPP is trading at 4.53 times the normal volume for the stock at this time of day.
  • PPP is trading at a new high 3.04% 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 PPP with the Ticky from Trade-Ideas. See the FREE profile for PPP NOW at Trade-Ideas

If you liked this article you might like

Tracing Benjamin Graham's Descendants

Primero Mining (PPP) Is Today's Strong On High Volume Stock

Today's Weak On High Volume Stock: Primero Mining (PPP)

Primero Mining (PPP) Stock Retreats on Dropping Gold Prices

Today's Weak On High Volume Stock: Primero Mining (PPP)