Nanosphere (NSPH) Weak On High Volume

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

  • NSPH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.7 million.
  • NSPH has traded 161,912 shares today.
  • NSPH is trading at 5.34 times the normal volume for the stock at this time of day.
  • NSPH is trading at a new low 7.31% 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 NSPH:

Nanosphere, Inc. develops, manufactures, and markets molecular diagnostic tests that can lead to earlier disease detection, optimal patient treatment, and enhanced healthcare economics.

The average volume for Nanosphere has been 130,000 shares per day over the past 30 days. Nanosphere has a market cap of $28.2 million and is part of the health care sector and health services industry. The stock has a beta of 3.12 and a short float of 3% with 0.22 days to cover. Shares are down 42.9% year-to-date as of the close of trading on Thursday.

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