Vasco Data Security International (VDSI) Is Strong 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 Vasco Data Security International ( VDSI) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Vasco Data Security International as such a stock due to the following factors:

  • VDSI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $21.2 million.
  • VDSI has traded 346,514 shares today.
  • VDSI is trading at 4.32 times the normal volume for the stock at this time of day.
  • VDSI is trading at a new high 4.07% 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 VDSI with the Ticky from Trade-Ideas. See the FREE profile for VDSI NOW at Trade-Ideas

If you liked this article you might like

Not All That Glitters Is Gold in World of Financial Technology

Cybersecurity, Robotics Stocks Hold Promise for Value Investors

How to Find 100-to-1 Moonshots

Financial Technology Purveyors, Banks Can Peacefully Co-Exist

Vasco Data Security International (VDSI) Is Today's Strong On High Volume Stock