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Altisource Rising Today on Above-Average Volume (RESI)

By Amy Schwartz

The price of Altisource shares has climbed to $9.76 (a 3.2% change) on heavy trading volume. Approximately 512,000 shares have changed hands today vs. average 30-day volume of 496,000 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 Altisource on September 5th, 2018 by issuing a Downtrend alert when the shares were trading at $11.64. Since that call, shares of Altisource have fallen 18.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Altisource share prices have moved between a 52-week high of $13.07 and a 52-week low of $9.28 and are now trading 4% above that low price at $9.68 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.3%.

Keywords: unusual volume altisource

Ticker(s): RESI