Republic Airways Holdings (RJET) Is Weak On High Volume Today

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

  • RJET has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.9 million.
  • RJET has traded 1.7 million shares today.
  • RJET is trading at 9.50 times the normal volume for the stock at this time of day.
  • RJET is trading at a new low 16.09% 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 RJET:

Republic Airways Holdings Inc., through its subsidiaries, provides scheduled passenger services. The company offers scheduled passenger service on approximately 1,229 flights daily to approximately 101 cities in the U.S. and Canada. RJET has a PE ratio of 2. Currently there is 1 analyst that rates Republic Airways Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

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Strong On High Volume: Republic Airways Holdings (RJET)