Strong On High Volume: Westmoreland Coal (WLB)

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

  • WLB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.6 million.
  • WLB has traded 152,946 shares today.
  • WLB is trading at 6.38 times the normal volume for the stock at this time of day.
  • WLB is trading at a new high 18.35% 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 WLB:

Westmoreland Coal Company, through its subsidiaries, operates as an energy company. The company engages in the production and sale of sub-bituminous coal and lignite to plants that generate electricity. Currently there are 4 analysts that rate Westmoreland Coal a buy, no analysts rate it a sell, and none rate it a hold.

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