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DreamWorks Animation Rising Today on Above-Average Volume (DWA)

Written on Mon, 12/24/2012 - 1:22pm
By James Quinn

The price of DreamWorks Animation shares has climbed to $16.92 (a 0.7% change) on heavy trading volume. About 1.6 million shares have been traded today, as compared to the 30-day average volume of 985,000 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 DreamWorks Animation on November 16th, 2012 by issuing a Downtrend alert when the shares were trading at $19.04. Since that call, shares of DreamWorks Animation have fallen 11.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

DreamWorks Animation share prices have moved between a 52-week high of $28.90 and a 52-week low of $16.08 and are now trading 6% above that low price at $17.02 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.7%.

Keywords: unusual volume Dreamworks Animation

Ticker(s): DWA

Contact James Quinn



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