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

By Shiri Gupta

Shares of Conn's are trading up 5.3% to $37.42 today on above average volume. About 1.3 million shares have been traded today, as compared to the 30-day average volume of 783,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Conn's on January 8th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.74. Since that recommendation, shares of Conn's have risen 80.0%. We continue to monitor CONN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Conn's share prices have moved between a 52-week high of $51.99 and a 52-week low of $14.02 and are now trading 165% above that low price at $37.21 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.3%.

Keywords: unusual volume conn's

Ticker(s): CONN