Omega Protein (OME) Stock: Weak On High Volume Today

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

  • OME has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $7.0 million.
  • OME has traded 192,046 shares today.
  • OME is trading at 4.91 times the normal volume for the stock at this time of day.
  • OME is trading at a new low 3.10% 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 OME:

Omega Protein Corporation develops, produces, and delivers products to enhance the nutritional integrity of foods, dietary supplements, and animal feeds worldwide. It operates in two segments, Animal Nutrition and Human Nutrition. OME has a PE ratio of 17. Currently there are no analysts that rate Omega Protein a buy, no analysts rate it a sell, and 2 rate it a hold.

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Omega Protein (OME) Highlighted As Weak On High Volume