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Conn's Rising Today on Above-Average Volume (CONN)

By Shiri Gupta

The price of Conn's shares has climbed to $8.53 (a 6.0% change) on heavy trading volume. Today's volume of 1.2 million shares tops the average 30-day volume of 816,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Conn's on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $11.84. Since that call, shares of Conn's have fallen 32.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Conn's has traded in a range of $6.54 to $43.95 and is now at $8.68, 33% above that low. Over the past week, the 200-day moving average (MA) has gone down 2.3% while the 50-day MA has declined 2.2%.

Keywords: unusual volume conn's

Ticker(s): CONN