Today's Weak On High Volume Stock: Zoe's Kitchen (ZOES)

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 Zoe's Kitchen ( ZOES) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Zoe's Kitchen as such a stock due to the following factors:

  • ZOES has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $39.7 million.
  • ZOES has traded 600,901 shares today.
  • ZOES is trading at 10.40 times the normal volume for the stock at this time of day.
  • ZOES is trading at a new low 9.01% 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.

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More details on ZOES:

Zoe's Kitchen, Inc., through its subsidiaries, develops and operates fast casual Mediterranean cuisine restaurants in the United States. The company operates a range of restaurant formats, including in-line, end-cap, and free-standing restaurants.

The average volume for Zoe's Kitchen has been 433,000 shares per day over the past 30 days. Zoe's Kitchen has a market cap of $610.1 million and is part of the services sector and leisure industry. Shares are unchanged year-to-date as of the close of trading on Monday.

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