Today's Weak On High Volume Stock: LATAM Airlines Group (LFL)

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

  • LFL has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.1 million.
  • LFL has traded 63,147 shares today.
  • LFL is trading at 3.66 times the normal volume for the stock at this time of day.
  • LFL is trading at a new low 4.01% 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 LFL:

Latam Airlines Group S.A., together with its subsidiaries, provides passenger and cargo air transportation services in America, Europe, and Oceania. Currently there are no analysts that rate LATAM Airlines Group a buy, 3 analysts rate it a sell, and 1 rates it a hold.

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