Strong On High Volume: Cardtronics (CATM)

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

  • CATM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $13.4 million.
  • CATM has traded 66,091 shares today.
  • CATM is trading at 2.05 times the normal volume for the stock at this time of day.
  • CATM is trading at a new high 3.04% 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 CATM:

Cardtronics, Inc. provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks in North America and Europe. CATM has a PE ratio of 23. Currently there are 7 analysts that rate Cardtronics a buy, no analysts rate it a sell, and 2 rate it a hold.

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