Iron Mountain (IRM): Today's Weak 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 Iron Mountain ( IRM) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Iron Mountain as such a stock due to the following factors:

  • IRM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $54.9 million.
  • IRM has traded 301,796 shares today.
  • IRM is trading at 2.86 times the normal volume for the stock at this time of day.
  • IRM is trading at a new low 5.02% 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 IRM with the Ticky from Trade-Ideas. See the FREE profile for IRM NOW at Trade-Ideas

If you liked this article you might like

These Stocks Are Ready to Reverse Course

Here's Why Pepsi and Coca-Cola Are Two of the Hottest Stories Wednesday Morning

Big Fund Managers Offer Up Stock Pick Ideas

AT&T, Iron Mountain are High-Yield Stocks to Consider Buying Today

S&P Dow Jones Indices Launching New Real Estate Sector