Trade-Ideas: Digital Realty (DLR) Is Today's

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 Digital Realty ( DLR) as a "barbarian at the gate" (strong stocks crossing above resistance with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Digital Realty as such a stock due to the following factors:

  • DLR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $51.2 million.
  • DLR has traded 377,930 shares today.
  • DLR traded in a range 345.9% of the normal price range with a price range of $3.20.
  • DLR traded above its daily resistance level (quality: 8 days, meaning that the stock is crossing a resistance level set by the last 8 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Barbarian at the Gate' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying positive price action. In this case, the stock crossed an important inflection point; namely, 'resistance' while at the same time the range of the stock's movement in price is more than twice its normal size. This large range foreshadows a possible continuation as the stock moves higher.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in DLR with the Ticky from Trade-Ideas. See the FREE profile for DLR NOW at Trade-Ideas

If you liked this article you might like

Netflix Sees Stream of Analysts Jump Into $200 Price Target Boat

S&P 500 and Nasdaq Fall, Pulled Lower by a Swift Tech Selloff

Stocks Rise With Banks Outperforming Ahead of Next Week's Focus on the Fed and Interest Rates

Stock Futures Rise Slightly After U.K.'s Hung Parliament Throws Hard Brexit Into Question

Digital Realty Buys Fellow Data Center Operator DuPont Fabros for $7.6 Billion