Today's Weak On High Volume Stock: Oil States International (OIS)

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 Oil States International ( OIS) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Oil States International as such a stock due to the following factors:

  • OIS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.4 million.
  • OIS has traded 244,871 shares today.
  • OIS is trading at 8.25 times the normal volume for the stock at this time of day.
  • OIS is trading at a new low 4.04% 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 OIS with the Ticky from Trade-Ideas. See the FREE profile for OIS NOW at Trade-Ideas

If you liked this article you might like

Oil Service Stocks Fall After First Rig Decline in More Than 2 Months

David Einhorn Cashed Out of These 9 Stocks

Barbarian At The Gate: Oil States International (OIS)

Energy Stock Picks for Playing Strong Defense in Skittish Sector

Jim Cramer Points Out 24 Quality Stocks Down 40% or More