NQ Mobile (NQ) Is Today's Strong On High Volume Stock

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 NQ Mobile ( NQ) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified NQ Mobile as such a stock due to the following factors:

  • NQ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.9 million.
  • NQ has traded 223,736 shares today.
  • NQ is trading at 3.98 times the normal volume for the stock at this time of day.
  • NQ is trading at a new high 5.01% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into 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. 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 NQ with the Ticky from Trade-Ideas. See the FREE profile for NQ NOW at Trade-Ideas

More details on NQ:

If you liked this article you might like

The Bears Continue to Be Frustrated

NQ Mobile Stock Soaring on Deal to Divest FL Business, Sell Showself Unit

Market Recon: Understand How Interest Rates Affect You, and You Will Survive

Futures Traders Await Confirmation of Breakout Formations in the Move Higher

Analysts' Actions -- Chipotle, Disney, Brinker, JPMorgan and More