Perilous Reversal Watch: 500.com (WBAI)

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Trade-Ideas LLC identified 500.com ( WBAI) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified 500.com as such a stock due to the following factors:

  • WBAI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $48.5 million.
  • WBAI has traded 93,472 shares today.
  • WBAI is down 7.4% today.
  • WBAI was up 8.1% yesterday.

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More details on WBAI:

500.com Limited provides online sports lottery services in the People's Republic of China. It operates as an aggregator and processor of lottery purchase orders from its registered user accounts. WBAI has a PE ratio of 25. Currently there is 1 analyst that rates 500.com a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for 500.com has been 2.3 million shares per day over the past 30 days. 500.com has a market cap of $588.4 million and is part of the services sector and leisure industry. Shares are up 25.7% year-to-date as of the close of trading on Tuesday.

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