Trade-Ideas LLC identified McDermott International ( MDR) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified McDermott International as such a stock due to the following factors:

  • MDR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.9 million.
  • MDR has traded 152,102 shares today.
  • MDR is up 3.1% today.
  • MDR was down 5.7% yesterday.

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More details on MDR:

McDermott International, Inc. provides engineering, procurement, construction and installation, and module fabrication services for upstream field developments worldwide. It operates through three segments: the Americas, Europe and Africa; the Middle East; and Asia.

The average volume for McDermott International has been 4.7 million shares per day over the past 30 days. McDermott International has a market cap of $1.9 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.85 and a short float of 14.4% with 7.75 days to cover.

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