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

By David Diaz

DreamWorks Animation's stock is up 6.6% to $29.26 on heavy trading volume. Today's volume of 942,000 shares tops the average 30-day volume of 559,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of DreamWorks Animation on February 26th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.98. Since that recommendation, shares of DreamWorks Animation have risen 24.9%. We continue to monitor DWA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

DreamWorks Animation share prices have moved between a 52-week high of $29.18 and a 52-week low of $18.16 and are now trading 61% above that low price at $29.15 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.6%.

Keywords: unusual volume Dreamworks Animation

Ticker(s): DWA