Teekay LNG Partners (TGP) Is Strong On High Volume Today

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

  • TGP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $10.6 million.
  • TGP has traded 95,655 shares today.
  • TGP is trading at 5.45 times the normal volume for the stock at this time of day.
  • TGP is trading at a new high 5.10% 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 TGP:

Teekay LNG Partners L.P. provides marine transportation services for liquefied natural gas (LNG), liquefied petroleum gas (LPG), and crude oil worldwide. The stock currently has a dividend yield of 4.1%. TGP has a PE ratio of 6. Currently there is 1 analyst that rates Teekay LNG Partners a buy, no analysts rate it a sell, and 4 rate it a hold.

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Trade-Ideas: Teekay LNG Partners (TGP) Is Today's Strong On High Relative Volume Stock