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

  • STX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $126.8 million.
  • STX has traded 690,940 shares today.
  • STX is trading at 3.36 times the normal volume for the stock at this time of day.
  • STX is trading at a new low 3.01% 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 STX with the Ticky from Trade-Ideas. See the FREE profile for STX NOW at Trade-Ideas

If you liked this article you might like

Why Apple Is Increasingly Investing in Its Suppliers, Including Possibly Toshiba

Western Digital Stock to $100 on Toshiba Deal -- Jim Cramer Explains Why

Western Digital and Toshiba Both Have Good Reasons to Bury the Hatchet Quickly

Why You Keep Cash on Hand; No Downside Conviction -- Jim Cramer's Top Thoughts

How Much Cash Do You Have on You?: Cramer's 'Mad Money' Recap (Monday 8/14/17)