IntraLinks Holdings (IL) Is Today's Strong 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 IntraLinks Holdings ( IL) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified IntraLinks Holdings as such a stock due to the following factors:

  • IL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.7 million.
  • IL has traded 83,629 shares today.
  • IL is trading at 3.38 times the normal volume for the stock at this time of day.
  • IL is trading at a new high 4.09% 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 IL with the Ticky from Trade-Ideas. See the FREE profile for IL NOW at Trade-Ideas

More details on IL:

If you liked this article you might like

Stocks Climb as Energy Sector Reverses Losses

Stocks Slightly Lower as Crude Slumps, Nike Weighs on Dow

Stock Futures Edge Higher as Apple Climbs on Watch Sales

Don't Expect 2016 to Set Another M&A Record, Says IntraLinks Executive

Don't Expect 2016 to Set Another M&A Record Says IntraLinks Analyst