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Carmike Cinemas Falling Today on Above-Average Volume (CKEC)

By James Quinn

Carmike Cinemas shares are trading on heavy volume today, having fallen 1.5% to $30.65. Approximately 458,000 shares have changed hands today vs. average 30-day volume of 419,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Carmike Cinemas on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.17. Since that recommendation, shares of Carmike Cinemas have risen 23.7%. We continue to monitor CKEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Carmike Cinemas have traded between a low of $18.51 and a high of $32.70 and are now at $30.70, which is 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.7% while the 200-day MA has remained constant.

Keywords: unusual volume carmike cinemas

Ticker(s): CKEC