Strong On High Volume: SemiLEDs (LEDS)

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

  • LEDS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $21.9 million.
  • LEDS has traded 124,052 shares today.
  • LEDS is trading at 5.88 times the normal volume for the stock at this time of day.
  • LEDS is trading at a new high 4.90% 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.

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

More details on LEDS:

SemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips and LED components.

The average volume for SemiLEDs has been 498,000 shares per day over the past 30 days. SemiLEDs has a market cap of $18.4 million and is part of the technology sector and electronics industry. The stock has a beta of 0.66 and a short float of 2% with 0.01 days to cover. Shares are up 82.2% year-to-date as of the close of trading on Monday.

If you liked this article you might like

Trade-Ideas: SemiLEDs (LEDS) Is Today's "Perilous Reversal" Stock

Today's Dead Cat Bounce Stock: SemiLEDs (LEDS)

SemiLEDs (LEDS) Highlighted As Weak On High Volume

SemiLeds (LEDS) Stock Slumping on Q3 Financial Results