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

  • CSTE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.2 million.
  • CSTE has traded 50,809 shares today.
  • CSTE is trading at 5.93 times the normal volume for the stock at this time of day.
  • CSTE is trading at a new low 5.02% 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 CSTE:

Caesarstone Sdot-Yam Ltd. and its subsidiaries manufacture and sell engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally.

The average volume for Caesarstone Sdot-Yam has been 275,600 shares per day over the past 30 days. Caesarstone Sdot-Yam has a market cap of $2.1 billion and is part of the industrial goods sector and materials & construction industry. The stock has a beta of 2.67 and a short float of 8.5% with 9.02 days to cover.

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