China Cord Blood (CO): Today's Weak 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 China Cord Blood ( CO) as a weak on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified China Cord Blood as such a stock due to the following factors:

  • CO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.2 million
  • CO has traded 117,543 shares today
  • CO is trading at 2.07 times the normal volume for the stock at this time of day
  • CO is trading at a new low 3.030303952128300171153796327416785061359405517578125 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 CO with the Ticky from Trade-Ideas. See the FREE profile for CO NOW at Trade-Ideas

If you liked this article you might like

Monster Beverage Takes Profit Hit to Prep for Partnership With Coca-Cola

China Cord Blood (CO) Is Today's Strong On High Volume Stock

CEOs Just Can't Let Go of the Company Jet for Personal Use – Even When They Should