• Return to Headlines

CARBO Ceramics Declining With Trend-Confirming Volume (CRR)

By Nick Russo

Shares of CARBO Ceramics are trading down 5.5% to $6.02 today on above average volume. Approximately 826,000 shares have changed hands today vs. average 30-day volume of 658,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of CARBO Ceramics on May 31st, 2017 by issuing a Downtrend alert when the shares were trading at $7.51. Since that call, shares of CARBO Ceramics have fallen 15.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, CARBO Ceramics share prices have been bracketed by a low of $5.66 and a high of $47.04 and are now at $6.10, 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 2.1%.

Keywords: unusual volume carbo ceramics

Ticker(s): CRR