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8X8 INC Rising on Above-Average Volume, Consistent With Trend (EGHT)

By James Quinn

Shares of 8X8 INC are trading today in above average volume, with the share price rising 7.0% to $12.56. Today's volume of 879,000 shares tops the average 30-day volume of 573,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of 8X8 INC on April 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.84. Since that recommendation, shares of 8X8 INC have risen 8.3%. We continue to monitor EGHT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, 8X8 INC share prices have been bracketed by a low of $7.25 and a high of $13.65 and are now at $12.60, 74% above that low price. The 200-day and 50-day moving averages have moved 0.63% higher and 0.46% higher over the past week, respectively.

Keywords: unusual volume 8x8 inc

Ticker(s): EGHT