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Canadian Pacific Railway Falling Today on Above-Average Volume (CP)

By Nick Russo

The price of Canadian Pacific Railway shares has slipped to $142.30 (a 3.4% change) on heavy trading volume. Today's volume of 1.5 million shares tops the average 30-day volume of 976,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Canadian Pacific Railway on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $132.33. Since that recommendation, shares of Canadian Pacific Railway have risen 11.3%. We continue to monitor CP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Canadian Pacific Railway share prices have been bracketed by a low of $97.09 and a high of $197.59 and are now at $142.30, 47% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.1%.

Keywords: unusual volume canadian pacific railway

Ticker(s): CP