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

  • DYN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $57.8 million.
  • DYN has traded 165,980 shares today.
  • DYN is trading at 2.57 times the normal volume for the stock at this time of day.
  • DYN is trading at a new low 3.08% 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 DYN:

Dynegy Inc., through its subsidiaries, produces and sells electric energy, capacity, and ancillary services in the United States. It operates in three segments, Coal, IPH, and Gas. The company sells its services on a wholesale basis from its power generation facilities.

The average volume for Dynegy has been 1.6 million shares per day over the past 30 days. Dynegy has a market cap of $72.5 million and is part of the utilities sector and utilities industry. The stock has a beta of 1.48 and a short float of 8.3% with 1.75 days to cover. Shares are unchanged year-to-date as of the close of trading on Friday.

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