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Canon Trading Higher Today on Above-Average Volume, Consistent With Trend (CAJ)

By James Quinn

Shares of Canon are trading up 0.5% to $32.02 today on above average volume. About 492,000 shares have been traded today, as compared to the 30-day average volume of 238,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Canon on January 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.78. Since that recommendation, shares of Canon have risen 7.1%. We continue to monitor CAJ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Canon has traded in a range of $26.60 to $36.10 and is now at $32.05, 20% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

Keywords: unusual volume canon

Ticker(s): CAJ