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Applied Optoelec Falling Today on Above-Average Volume (AAOI)

By Shiri Gupta

The price of Applied Optoelec shares has slipped to $82.63 (a 1.9% change) on heavy trading volume. About 1.9 million shares have been traded today, as compared to the 30-day average volume of 538,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Applied Optoelec. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Applied Optoelec in search of a potential trend change.

Applied Optoelec share prices have moved between a 52-week high of $86.36 and a 52-week low of $9.07 and are now trading 825% above that low price at $83.87 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 2.8%.

Keywords: unusual volume applied optoelec

Ticker(s): AAOI