DreamWorks Animation Rising Today on Above-Average Volume (DWA)
Shares of DreamWorks Animation are trading up 17.0% to $26.16 today on above average volume. Today's volume of 6.1 million shares tops the average 30-day volume of 1.0 million 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 June 16th, 2014 by issuing a Downtrend alert when the shares were trading at $24.47. Since that call, shares of DreamWorks Animation have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Over the past year, DreamWorks Animation has traded in a range of $19.20 to $36.01 and is now at $25.95, 35% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1%.
Keywords: unusual volume Dreamworks Animation