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

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

  • SANM has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $9.8 million.
  • SANM has traded 477,196 shares today.
  • SANM is trading at 22.13 times the normal volume for the stock at this time of day.
  • SANM is trading at a new low 17.06% 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 SANM:

Sanmina Corporation provides integrated manufacturing solutions, components, products and repair, logistics, and after-market services worldwide. SANM has a PE ratio of 6. Currently there are 2 analysts that rate Sanmina a buy, no analysts rate it a sell, and 1 rates it a hold.

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