Barbarian At The Gate: Axis Capital Holdings (AXS)

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 Axis Capital Holdings ( AXS) 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 Axis Capital Holdings as such a stock due to the following factors:

  • AXS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $39.6 million.
  • AXS has traded 471,822 shares today.
  • AXS traded in a range 281.9% of the normal price range with a price range of $1.89.
  • AXS traded above its daily resistance level (quality: 19 days, meaning that the stock is crossing a resistance level set by the last 19 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 AXS with the Ticky from Trade-Ideas. See the FREE profile for AXS NOW at Trade-Ideas

If you liked this article you might like

How Well Do You Know Your Insurer -- and Its Reinsurer?

Buffett's Berkshire, Rivals Brace for Billions in Hurricane Harvey Claims

3 Financial Stocks Pushing The Sector Higher

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: IRT, BXMT, AXS

Insider Trading Alert - AXS, FSB And MKC Traded By Insiders