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Inogen Inc Trading Lower on Heavy Volume, Inline With Overall Trend (INGN)

By David Diaz

Inogen Inc shares are trading on heavy volume today, having fallen -5.1% to $49.50. Today's volume of 766,000 shares tops the average 30-day volume of 633,000 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 Inogen Inc on May 8th, 2019 by issuing a Downtrend alert when the shares were trading at $67.87. Since that call, shares of Inogen Inc have fallen 30.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Inogen Inc has traded in a range of $41.19 to $287.79 and is now at $47.08, 14% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 3.6%.

Keywords: unusual volume inogen inc

Ticker(s): INGN