Today's Dead Cat Bounce Stock: InterCloud Systems (ICLD)

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

  • ICLD has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $54.8 million.
  • ICLD has traded 1.5 million shares today.
  • ICLD is up 3.6% today.
  • ICLD was down 6.7% yesterday.

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More details on ICLD:

InterCloud Systems, Inc. provides end-to-end IT and network solutions to the telecommunications service provider and corporate enterprise markets through cloud platforms and professional services in the United States and internationally.

The average volume for InterCloud Systems has been 2.2 million shares per day over the past 30 days. InterCloud Systems has a market cap of $86.5 million and is part of the technology sector and computer software & services industry. The stock has a beta of 4.94 and a short float of 4.3% with 0.04 days to cover. Shares are up 52.4% year-to-date as of the close of trading on Tuesday.

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