Today's Dead Cat Bounce Stock Is Digital Ally (DGLY)

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

  • DGLY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $19.0 million.
  • DGLY has traded 56,218 shares today.
  • DGLY is up 4.1% today.
  • DGLY was down 12.4% yesterday.

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

More details on DGLY:

Digital Ally, Inc. produces digital video imaging and storage products for use in law enforcement, security, and commercial applications in the United States and internationally.

The average volume for Digital Ally has been 619,400 shares per day over the past 30 days. Digital Ally has a market cap of $73.6 million and is part of the technology sector and electronics industry. The stock has a beta of 5.07 and a short float of 27.5% with 0.67 days to cover. Shares are up 19.4% year-to-date as of the close of trading on Thursday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

If you liked this article you might like

Axon Enterprise Is Hoping to Drive Growth As a Total Personal Security Company

5 Things You Must Know Before the Market Opens Monday

Week Ahead: Financials, Health Care on Edge as Obamacare Escapes GOP Axe

Trump Budget Increases Homeland Security Budget 7%, Adds $4.5 Billion for Border Security

Digital Ally (DGLY) In A Perilous Reversal