Shutterstock (SSTK) Is Weak 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 Shutterstock ( SSTK) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Shutterstock as such a stock due to the following factors:

  • SSTK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.6 million.
  • SSTK has traded 65,075 shares today.
  • SSTK is trading at 8.02 times the normal volume for the stock at this time of day.
  • SSTK is trading at a new low 3.09% 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 SSTK with the Ticky from Trade-Ideas. See the FREE profile for SSTK NOW at Trade-Ideas

If you liked this article you might like

Closing Bell: Buffett Bets Big on Apple; U.S. Stocks at Fresh Records

Dow, S&P 500 Brush Aside Earlier Jitters to Close at Fresh Records

Stocks Inch Higher in Cautious Trading Ahead of Trump's Budget, Tax Plans

Stocks Trade Flat as Trump Pledges $54B Bump in Defense Spending

Shutterstock (SSTK) CEO Oringer Explains Rapid Success on CNBC