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Infosys Technologies Falling Today on Above-Average Volume (INFY)

By Amy Schwartz

Shares of Infosys Technologies are trading today in above average volume, with the share price falling 9.4% to $16.71. Today's volume of 9.7 million shares tops the average 30-day volume of 3.9 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Infosys Technologies on December 8th, 2014 by issuing a Downtrend alert when the shares were trading at $32.28. Since that call, shares of Infosys Technologies have fallen 42.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Infosys Technologies has traded in a range of $15.32 to $70.36 and is now at $16.78, 10% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

Keywords: unusual volume infosys technologies

Ticker(s): INFY