Amira Nature Foods (ANFI) Weak On High Volume Today.


Posted April 15, 2016 by pankaj79

Amira Nature Foods (ANFI) Weak On High Volume Today.Trade-Ideas LLC identified Amira Nature Foods ( ANFI) as a weak on high relative volume candidate.

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

ANFI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.1 million.
ANFI has traded 236,932 shares today.
ANFI is trading at 15.18 times the normal volume for the stock at this time of day.
ANFI is trading at a new low 3.24% 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.
Amira Nature Foods Ltd. engages in processing, distributing, and marketing packaged Indian specialty rice, primarily basmati rice; and other food products. ANFI has a PE ratio of 6. Currently there are no analysts that rate Amira Nature Foods a buy, no analysts rate it a sell, and 1 rates it a hold.
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Issued By Amira
Country India
Categories Business
Tags anfi nyse , anfi stock news , anfi stock price , anfl
Last Updated April 15, 2016