Trade-Ideas: BRF (BRFS) Is Today's Strong On High Relative Volume Stock

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

  • BRFS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $24.1 million.
  • BRFS has traded 181,547 shares today.
  • BRFS is trading at 2.72 times the normal volume for the stock at this time of day.
  • BRFS is trading at a new high 3.14% 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 BRFS:

BRF S.A., together with its subsidiaries, focuses on raising, producing, and slaughtering poultry and pork in Brazil. It also engages in processing and selling fresh meat, processed foods, pasta, sauce, mayonnaise, frozen vegetables and soybean by-products. The stock currently has a dividend yield of 2%. BRFS has a PE ratio of 28. Currently there are no analysts that rate BRF a buy, 1 analyst rates it a sell, and 1 rates it a hold.

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