Today's Dead Cat Bounce Stock Is Oi SA ADR (OIBR)

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 Oi SA ADR ( OIBR) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Oi SA ADR as such a stock due to the following factors:

  • OIBR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $17.8 million.
  • OIBR has traded 56,558 shares today.
  • OIBR is up 4.1% today.
  • OIBR was down 7.2% yesterday.

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

More details on OIBR:

Oi S.A., through its subsidiaries, provides integrated telecommunication services for residential customers, companies, and governmental agencies in Brazil. It operates in three segments: Fixed-Line and Data Transmission Services, Mobile Services, and Other Services. Currently there is 1 analyst that rates Oi SA ADR a buy, 2 analysts rate it a sell, and 2 rate it a hold.

The average volume for Oi SA ADR has been 2.2 million shares per day over the past 30 days. Oi SA ADR has a market cap of $2.1 billion and is part of the technology sector and telecommunications industry. Shares are down 26.3% 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.

If you liked this article you might like

Brazilian Telecom Oi Files for Bankruptcy Protection as Creditors Hang Up

5 Stocks Under $10 Set to Soar

One Factor Bringing Oi SA (OIBR) Stock Up

Oi SA (OIBR) Stock Rises Today on Job Cuts, Shareholder Rights Increase

Oi SA ADR (OIBR) Is Today's Strong On High Volume Stock