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Chemocentryx Inc Rising on Above-Average Volume, Consistent With Trend (CCXI)

By Nick Russo

Chemocentryx Inc shares are trading on heavy volume today, having risen 7.1% to $13.05. Today's volume of 316,000 shares tops the average 30-day volume of 227,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Chemocentryx Inc on January 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.50. Since that recommendation, shares of Chemocentryx Inc have risen 43.4%. We continue to monitor CCXI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Chemocentryx Inc has traded in a range of $3.95 to $13.26 and is now at $13.23, 235% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 3.7% while the 200-day MA has slid 2.4%.

Keywords: unusual volume chemocentryx inc

Ticker(s): CCXI