Amira Nature Foods (ANFI) Strong on High Relative Volume Today

delhi, December 3, 2015 (Newswire.com) - Trade-Ideas LLC identified Amira Nature Foods ( ANFI) as a strong 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 $14.8 million.
ANFI has traded 168,668 shares today.
ANFI is trading at 5.57 times the normal volume for the stock at this time of day.
ANFI is trading at a new high 8.06% above yesterday close.

 Strong on High Relative Volume stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from  superinvestors, or that hedge funds and momentum traders are piling into 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. 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 is engaged in processing, distributing, and marketing packaged specialty 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.

The average volume for Amira Nature Foods has been 508,400 shares per day over the past 30 days. Amira Nature has a market cap of $249.2 million and is part of the consumer goods sector and food & beverage industry. The stock has a beta of 0.77 and a short float of 27.5% with 2.18 days to cover. Shares are down 31% year-to-date as of the close of trading on Tuesday.