Trade-Ideas: ZELTIQ Aesthetics (ZLTQ) Is Today's Weak On High Relative Volume 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.

Trade-Ideas LLC identified ZELTIQ Aesthetics ( ZLTQ) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified ZELTIQ Aesthetics as such a stock due to the following factors:

  • ZLTQ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.7 million.
  • ZLTQ has traded 233,954 shares today.
  • ZLTQ is trading at 18.60 times the normal volume for the stock at this time of day.
  • ZLTQ is trading at a new low 6.02% below yesterday's close.

'Weak on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as material stock news, analyst downgrades, insider selling, selling from 'superinvestors,' or that hedge funds and traders are piling out of 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 (or avoid losses by trimming weak positions). 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.

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More details on ZLTQ:

ZELTIQ Aesthetics, Inc., a medical technology company, engages in developing and commercializing non-invasive products for the selective reduction of fat. It offers CoolSculpting system, which utilizes proprietary controlled cooling technology to selectively reduce stubborn fat bulges.

The average volume for ZELTIQ Aesthetics has been 595,000 shares per day over the past 30 days. ZELTIQ Aesthetics has a market cap of $1.1 billion and is part of the health care sector and health services industry. Shares are up 50.6% year-to-date as of the close of trading on Friday.

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