Rex Energy (REXX) Flagged As Strong On High Volume

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

  • REXX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.8 million.
  • REXX has traded 2.3 million shares today.
  • REXX is trading at 7.62 times the normal volume for the stock at this time of day.
  • REXX is trading at a new high 26.90% 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 REXX:

Rex Energy Corporation operates as an independent oil, natural gas liquid, and natural gas company in the Appalachian and Illinois basins in the United States. Currently there are no analysts that rate Rex Energy a buy, 1 analyst rates it a sell, and 9 rate it a hold.

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