Trade-Ideas: Memorial Production Partners (MEMP) Is Today's Strong On High Relative Volume Stock

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

  • MEMP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.8 million.
  • MEMP has traded 558,905 shares today.
  • MEMP is trading at 12.17 times the normal volume for the stock at this time of day.
  • MEMP is trading at a new high 8.15% 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 MEMP:

Memorial Production Partners LP, through its subsidiary, Memorial Production Operating LLC, engages in the acquisition, development, exploitation, and production of oil and natural gas properties. The stock currently has a dividend yield of 17.1%. Currently there is 1 analyst that rates Memorial Production Partners a buy, 2 analysts rate it a sell, and 5 rate it a hold.

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