Gardner Denver Falling Today on Above-Average Volume (GDI)
Gardner Denver shares are trading on heavy volume today, having fallen 9.6% to $68.25. Approximately 6.3 million shares have changed hands today vs. average 30-day volume of 710,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Gardner Denver on October 26th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.10. Since that recommendation, shares of Gardner Denver have risen 12.6%. We continue to monitor GDI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, Gardner Denver share prices have been bracketed by a low of $45.54 and a high of $84.46 and are now at $74.85, 64% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.7%.
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