Comstock Resources (CRK) Stock: Weak On High Volume Today

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

  • CRK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.8 million.
  • CRK has traded 384,533 shares today.
  • CRK is trading at 2.45 times the normal volume for the stock at this time of day.
  • CRK is trading at a new low 3.09% 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.

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

If you liked this article you might like

GM and Comstock Resources Put the 'Value' in Value Investing

Shark Bites: It's No Fun to Trade With a Cold

Shark Bites: These Steel Names Are Looking Strong

More Than 750 Stocks Hit New Highs Today

Still Stock Picking Despite Frothy Price Action