- DRWI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.4 million.
- DRWI has traded 70,405 shares today.
- DRWI is trading at 2.77 times the normal volume for the stock at this time of day.
- DRWI is trading at a new high 4.04% 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. EXCLUSIVE OFFER: Get the inside scoop on opportunities in DRWI with the Ticky from Trade-Ideas. See the FREE profile for DRWI NOW at Trade-Ideas More details on DRWI: DragonWave Inc. provides high-capacity packet microwave solutions that drive next-generation IP networks worldwide. The average volume for DragonWave has been 35,700 shares per day over the past 30 days. DragonWave has a market cap of $156.5 million and is part of the technology sector and telecommunications industry. The stock has a beta of 2.61 and a short float of 0.7% with 0.27 days to cover. Shares are down 31.6% year-to-date as of the close of trading on Thursday. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE. EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.