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Acorda Therapeut Falling Today on Above-Average Volume (ACOR)

By David Diaz

Acorda Therapeut shares are trading on heavy volume today, having fallen 11.4% to $16.40. Today's volume of 908,000 shares tops the average 30-day volume of 528,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Acorda Therapeut on July 26th, 2018 by issuing a Downtrend alert when the shares were trading at $24.24. Since that call, shares of Acorda Therapeut have fallen 23.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Acorda Therapeuthas traded in a range of $15.60 to $36.35 and are now at $16.40. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2%.

Keywords: unusual volume acorda therapeut

Ticker(s): ACOR