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Cirrus Logic Rising Today on Above-Average Volume (CRUS)

By Nick Russo

Shares of Cirrus Logic are trading today in above average volume, with the share price rising 4.3% to $39.98. About 1.5 million shares have been traded today, as compared to the 30-day average volume of 1.1 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Cirrus Logic on May 24th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.32. Since that recommendation, shares of Cirrus Logic have risen 8.6%. We continue to monitor CRUS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Cirrus Logic has traded in a range of $24.56 to $40.00 and is now at $39.83, 62% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

Keywords: unusual volume cirrus logic

Ticker(s): CRUS