Triumph Group (TGI) Weak On High Volume

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

  • TGI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $17.1 million.
  • TGI has traded 169,961 shares today.
  • TGI is trading at 12.39 times the normal volume for the stock at this time of day.
  • TGI is trading at a new low 12.03% 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 TGI:

Triumph Group, Inc. designs, engineers, manufactures, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. The stock currently has a dividend yield of 0.4%. Currently there are 6 analysts that rate Triumph Group a buy, no analysts rate it a sell, and 2 rate it a hold.

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