Stock To Watch: Weatherford International (WFT) In Perilous Reversal

Trade-Ideas LLC identified Weatherford International ( WFT) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Weatherford International as such a stock due to the following factors:

  • WFT has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $108.5 million.
  • WFT has traded 6.4 million shares today.
  • WFT is down 3.2% today.
  • WFT was up 5.4% yesterday.

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More details on WFT:

Weatherford International public limited company, together with its subsidiaries, operates as a multinational oilfield service company worldwide. It offers equipment and services used in the drilling, evaluation, completion, production, and intervention of oil and natural gas wells.

The average volume for Weatherford International has been 8.6 million shares per day over the past 30 days. Weatherford International has a market cap of $17.2 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.34 and a short float of 7.6% with 2.68 days to cover. Shares are up 47.1% year-to-date as of the close of trading on Wednesday.

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