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Abaxis Inc Declining With Trend-Confirming Volume (ABAX)

By James Quinn

Abaxis Inc's stock is up 15.5% to $82.89 on heavy trading volume. Approximately 951,000 shares have changed hands today vs. average 30-day volume of 219,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Abaxis Inc and will alert subscribers who have ABAX in their portfolio or watchlist when shares have changed trend direction.

Abaxis Inc share prices have moved between a 52-week high of $82.93 and a 52-week low of $43.57 and are now trading 90% above that low price at $82.89 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.9%.

Keywords: unusual volume abaxis inc

Ticker(s): ABAX