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Buyers Accumulating Shares of Dresser-Rand on 1.3x Above-Average Volume (DRC)

Written on Mon, 08/02/2010 - 2:34pm
By Chip Brian

Shares of Dresser-Rand (NYSE:DRC) are trading up 2.9% to $38.28 today on above average volume. Approximately 1.2 million shares have traded hands today vs. average 30-day volume of 899,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of DRC to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Dresser-Rand and our subscribers were alerted to buy on July 23, 2010 at $33.63. The stock has risen 13.8% since the alert was issued.

Keywords: dresser-rand unusual volume

Ticker(s): DRC

Contact Chip Brian



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