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Finisar Corp Declining With Trend-Confirming Volume (FNSR)

By Nick Russo

Finisar Corp's stock is down 4.7% to $15.51 on heavy trading volume. About 2.1 million shares have been traded today, as compared to the 30-day average volume of 1.2 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Finisar Corp and will alert subscribers who have FNSR in their portfolio or watchlist when shares have changed trend direction.

Finisar Corp share prices have moved between a 52-week high of $36.85 and a 52-week low of $14.25 and are now trading 9% above that low price at $15.57 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

Keywords: unusual volume finisar corp

Ticker(s): FNSR