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

  • STE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $67.4 million.
  • STE has traded 99,537 shares today.
  • STE is trading at 2.63 times the normal volume for the stock at this time of day.
  • STE is trading at a new high 3.00% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into 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. 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 STE:

Steris Plc provides infection prevention, contamination control, surgical, and critical care technologies worldwide. The stock currently has a dividend yield of 1.3%. STE has a PE ratio of 34.

The average volume for Steris has been 1.0 million shares per day over the past 30 days. Steris has a market cap of $4.5 billion and is part of the health care sector and health services industry. The stock has a beta of 1.30 and a short float of 16.5% with 11.10 days to cover. Shares are up 17.7% year-to-date as of the close of trading on Tuesday.

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