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CommVault Systems Trading Higher Today on Above-Average Volume, Consistent With Trend (CVLT)

By James Quinn

The price of CommVault Systems shares has climbed to $52.32 (a 0.7% change) on heavy trading volume. Today's volume of 569,000 shares tops the average 30-day volume of 365,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of CommVault Systems on July 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.94. Since that recommendation, shares of CommVault Systems have risen 10.7%. We continue to monitor CVLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

CommVault Systems share prices have moved between a 52-week high of $55.89 and a 52-week low of $29.41 and are now trading 77% above that low price at $52.00 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

Keywords: unusual volume commvault systems

Ticker(s): CVLT