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Insmed Inc Trading Lower on Heavy Volume, Inline With Overall Trend (INSM)

By Amy Schwartz

Shares of Insmed Inc are trading today in above average volume, with the share price rising 82.8% to $28.32. About 5.0 million shares have been traded today, as compared to the 30-day average volume of 353,000 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 Insmed Inc on August 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $15.57. Since that call, shares of Insmed Inc have fallen 21.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Insmed Inc has traded in a range of $9.02 to $29.52 and is now at $28.32, 214% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 0.8%.

Keywords: unusual volume insmed inc

Ticker(s): INSM