Globe Specialty Metals (GSM) Weak On High Volume

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

  • GSM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $5.3 million.
  • GSM has traded 53,555 shares today.
  • GSM is trading at 5.18 times the normal volume for the stock at this time of day.
  • GSM is trading at a new low 3.01% 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 GSM:

Globe Specialty Metals, Inc. produces and sells silicon metal and silicon-based alloys in the United States, Argentina, Canada, China, Poland, and South Africa. The company operates through five segments: GMI, Globe Metales, Solsil, Corporate, and Other segments. The stock currently has a dividend yield of 2.2%. GSM has a PE ratio of 19. Currently there are 5 analysts that rate Globe Specialty Metals a buy, no analysts rate it a sell, and 1 rates it a hold.

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