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

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

  • CVG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.5 million.
  • CVG has traded 61,584 shares today.
  • CVG is trading at 3.47 times the normal volume for the stock at this time of day.
  • CVG is trading at a new high 4.14% 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 CVG:

Convergys Corporation provides customer management services to communications and media, technology, financial services, retail, and healthcare industries in North America and internationally. The stock currently has a dividend yield of 1.2%. CVG has a PE ratio of 16. Currently there is 1 analyst that rates Convergys a buy, no analysts rate it a sell, and 3 rate it a hold.

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