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Globe Specialty Metals Rising Today on Above-Average Volume (GSM)

By Nick Russo

Shares of Globe Specialty Metals are trading up 7.8% to $8.34 today on above average volume. Approximately 591,000 shares have changed hands today vs. average 30-day volume of 526,000 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 Globe Specialty Metals on August 26th, 2016 by issuing a Downtrend alert when the shares were trading at $8.56. Since that call, shares of Globe Specialty Metals have fallen 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Globe Specialty Metals share prices have moved between a 52-week high of $21.99 and a 52-week low of $6.90 and are now trading 21% above that low price at $8.34 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 2.3%.

Keywords: unusual volume globe specialty metals

Ticker(s): GSM