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Actuant Falling Today on Above-Average Volume (ATU)

By Amy Schwartz

Shares of Actuant are trading today in above average volume, with the share price falling 3.9% to $26.90. About 2.2 million shares have been traded today, as compared to the 30-day average volume of 596,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Actuant on November 28th, 2014 by issuing a Downtrend alert when the shares were trading at $30.15. Since that call, shares of Actuant have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Actuanthas traded in a range of $26.72 to $38.76 and are now at $26.97. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.4%.

Keywords: unusual volume actuant

Ticker(s): ATU