Technicals in Focus: Eastman Kodak Company (NYSE: KODK)

U.S. stocks traded lower on Wednesday as concern grew that China may stop buying U.S. sovereign bonds.

The Dow Jones industrial average fell 100 points. The S&P 500 declined 0.4 percent, with utilities and real estate as the worst-performing sectors. The Nasdaq composite pulled back 0.5 percent.

Bloomberg News stated Wednesday, citing people familiar with the matter, that officials in Beijing have recommended the Chinese government lowers — or even stops — its buying of U.S. sovereign debt.

The report also notes that Chinese officials think U.S. debt is becoming less attractive contrast to other assets, adding that trade tensions between the two countries could provide a reason to slow down or halt the purchases. (Source: CNBC)

Stock in Focus: Eastman Kodak Company (NYSE: KODK)

Eastman Kodak Company (NYSE: KODK) has grabbed attention from the analysts when it experienced a change of 70.59% in the current trading session to trade at $11.60. A total of 30,897,081 shares exchanged hands during the intra-day trade contrast with its average trading volume of 1.37M shares, while its relative volume stands at 239.54. Relative volume is the comparison of current volume to average volume for the same time of day, and it’s displayed as a ratio. If RVOL is less than 1 it is not In Play on this trading day and Investors may decide not to trade it.  If RVOL is above 2 it is In Play and this is more evidence Investors ought to be in the name.  When stocks are *very* In Play one can see a RVOL of 5 and above.  The higher the RVOL the more In Play the stock is.

Day traders strive to make money by exploiting minute price movements in individual assets (usually stocks, though currencies, futures, and options are traded as well), usually leveraging large amounts of capital to do so, therefore they trade on Stocks in Play. In Play Stocks are volatile enough to produce good risk and reward trading opportunities for both bull and bear traders intraday. Most company stocks have very little volatility. They generally move extremely slowly and they only produce big price swings when the company produces good or bad trading results, which may only happen a couple of times a year at best.

In deciding what to focus on – in a stock, say – a typical day trader looks for three things: liquidity, volatility and trading volume. Liquidity allows an investor to enter and exit a stock at a good price (i.e. tight spreads, or the difference between the bid and ask price of a stock, and low slippage, or the difference between the predictable price of a trade and the actual price). If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. This is a problem for day traders and it could mean the difference between a profitable and non-profitable trade.

Traders have different rules for what constitutes liquidity and a good guide is the volume of trades and volume of shares that are traded each day. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000.

Trading volume is a gauge of how many times a stock is bought and sold in a given time period (most commonly, within a day of trading, known as the average daily trading volume – ADTV). A high degree of volume indicates a lot of interest in a stock. Often, a boost in the volume of a stock is a harbinger of a price jump, either up or down.

Volatility is simply a measure of the predictable daily price range—the range in which a day trader operates. More volatility means greater profit or loss. After a recent check, Eastman Kodak Company (NYSE: KODK) stock is found to be 34.46% volatile for the week, while 12.24% volatility is recorded for the month.

Shares of Eastman Kodak Co. shot up 68% in active premarket trade Wednesday, adding to the 119% jump in the previous session on the heels of the camera and film company’s declarement of a “major blockchain program.” Volume ballooned to 6.2 million shares less than an 45 minutes before the open, making the stock the most actively traded in the premarket. The stock is on track to open at the highest level seen during regular session hours since April 7, 2017. At current prices, it has nearly quadrupled since closing at a record low of $3.05 on Jan. 4. (Source: MarketWatch)

Technical’s Snapshot:

The stock has a market cap of $280.23M and the number of outstanding shares has been calculated 41.21M. Based on a recent bid, its distance from 20 days simple moving average is 238.44%, and its distance from 50 days simple moving average is 208.35% while it has a distance of 52.25% from the 200 days simple moving average. The company’s distance from 52-week high price is -25.16% and the current price is 293.22% away from 52-week low price. The company has Relative Strength Index (RSI 14) of 93.91 together with Average True Range (ATR 14) of 0.51.

Stock’s Valuation:

Past 5 years growth of KODK observed at 19.00%, and for the next five years the analysts that follow this company is expecting its growth at -12.00%. The stock’s price to sales ratio for trailing twelve months is 0.18 and price to book ratio for the most recent quarter is N/A, whereas price to cash per share for the most recent quarter are 0.82. Its quick ratio for the most recent quarter is 1.60. Analysts mean recommendation for the stock is N/A. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

Disclaimer: Any news, report, research, and analysis published on are only for information purposes. Alpha Beta Stock (ABS) makes sure to keep the information up to date and correct, but we didn’t suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. Information in this release is fact checked and produced by competent editors of Alpha Beta Stock; however, human error can exist.

Robert Thomas

Robert Thomas has over 14 years experience in the financial services industry giving him a vast understanding of how news affects the financial markets. He is an active day trader spending the majority of her time analyzing earnings reports and watching commodities and derivatives. He has a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking. Email:

Leave a Reply

Your email address will not be published. Required fields are marked *