Dreamworks Animation SKG (DWA) Showing Signs Of Perilous Reversal Today

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Trade-Ideas LLC identified Dreamworks Animation SKG ( DWA) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Dreamworks Animation SKG as such a stock due to the following factors:

  • DWA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $69.7 million.
  • DWA has traded 214,686 shares today.
  • DWA is down 9.9% today.
  • DWA was up 26% yesterday.

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More details on DWA:

DreamWorks Animation SKG, Inc. is engaged in the development, production, and exploitation of animated films and their associated characters worldwide. The company operates through four segments: Feature Films, Television, Consumer Products, and Others. Currently there is 1 analyst that rates Dreamworks Animation SKG a buy, 2 analysts rate it a sell, and 6 rate it a hold.

The average volume for Dreamworks Animation SKG has been 1.1 million shares per day over the past 30 days. Dreamworks Animation SKG has a market cap of $1.7 billion and is part of the services sector and media industry. The stock has a beta of 0.71 and a short float of 26.2% with 4.53 days to cover. Shares are down 37% year-to-date as of the close of trading on Friday.

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