7.4100 13.4600
52 weeks
52 weeks

Mkt Cap 2.37B

Shares Out 242.49M

new Chat
Send me real-time posts from this site at my email

Laredo Petroleum (LPI): Today's Weak On High Volume Stock

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

  • LPI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.1 million.
  • LPI has traded 152,254 shares today.
  • LPI is trading at 2.25 times the normal volume for the stock at this time of day.
  • LPI is trading at a new low 5.02% 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 LPI with the Ticky from Trade-Ideas. See the FREE profile for LPI NOW at Trade-Ideas More details on LPI: Laredo Petroleum, Inc. operates as an...