Today's Weak On High Volume Stock: SunEdison Semiconductor (SEMI)

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

  • SEMI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.6 million
  • SEMI has traded 200,041 shares today
  • SEMI is trading at 2.39 times the normal volume for the stock at this time of day
  • SEMI is trading at a new low 3.035326263442100103162601953954435884952545166015625 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 SEMI with the Ticky from Trade-Ideas. See the FREE profile for SEMI NOW at Trade-Ideas

If you liked this article you might like

Obama's Plan to Block Chinese Rule in Chipmaking Could Aid Trump

Closing Bell: Private-Prison Stocks Plummet on DoJ Decision; U.S. Stocks Climb

SunEdison Semiconductor (SEMI) Stock Surges on GlobalWafers Deal

Today's Weak On High Volume Stock: SunEdison Semiconductor (SEMI)

Week Ahead: Crude Awakening -- Has Oil Finally Found Bottom?