Trade-Ideas: SpartanNash (SPTN) Is Today's Weak On High Relative Volume Stock

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

  • SPTN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $5.0 million.
  • SPTN has traded 56,981 shares today.
  • SPTN is trading at 8.66 times the normal volume for the stock at this time of day.
  • SPTN is trading at a new low 8.00% 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.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in SPTN with the Ticky from Trade-Ideas. See the FREE profile for SPTN NOW at Trade-Ideas

More details on SPTN:

SpartanNash Company operates as a grocery distributor and retailer primarily in the United States. The company operates in three segments: Military, Food Distribution, and Retail. The stock currently has a dividend yield of 2.2%. SPTN has a PE ratio of 16. Currently there are no analysts that rate SpartanNash a buy, no analysts rate it a sell, and 3 rate it a hold.

If you liked this article you might like

Insider Trading Alert - ICPT, SPTN And CME Traded By Insiders

Insider Trading Alert - CRTO, PEGI And SPTN Traded By Insiders

Insider Trading Alert - SPTN, FL And CTIC Traded By Insiders

Insider Trading Alert - SPTN, OAK And WR Traded By Insiders