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General Steel Holdings Trading Higher on 1.1x Above-Average Volume (GSI)

Written on Fri, 07/23/2010 - 1:51pm
By Chip Brian

Shares of General Steel Holdings (NYSE:GSI) are trading up 4.8% to $3.07 today on above average volume. Approximately 523,000 shares have traded hands today vs. average 30-day volume of 481,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of GSI to see if this bullish momentum will continue.
SmarTrend is bullish on shares of General Steel Holdings and our subscribers were alerted to buy on July 14, 2010 at $2.97. The stock has risen 3.4% since the alert was issued.

Keywords: general steel holdings unusual volume

Ticker(s): GSI

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