Barbarian At The Gate: Northstar Realty Finance (NRF)

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 Northstar Realty Finance ( NRF) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Northstar Realty Finance as such a stock due to the following factors:

  • NRF has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $95.0 million.
  • NRF has traded 6.4 million shares today.
  • NRF traded in a range 231% of the normal price range with a price range of $0.75.
  • NRF traded above its daily resistance level (quality: 6 days, meaning that the stock is crossing a resistance level set by the last 6 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.

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

More details on NRF:

NorthStar Realty Finance Corp., a real estate investment trust (REIT), operates as a commercial real estate (CRE) investment and asset management company in the United States. The stock currently has a dividend yield of 5.8%.

The average volume for Northstar Realty Finance has been 4.2 million shares per day over the past 30 days. Northstar Realty Finance has a market cap of $5.8 billion and is part of the financial sector and real estate industry. The stock has a beta of 1.24 and a short float of 6.6% with 0.83 days to cover. Shares are down 37.5% year-to-date as of the close of trading on Tuesday.

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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