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Insulet Corp Falling Today on Above-Average Volume (PODD)

By Shiri Gupta

The price of Insulet Corp shares has slipped to $163.21 (a 2.8% change) on heavy trading volume. Approximately 2.5 million shares have changed hands today vs. average 30-day volume of 584,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Insulet Corp on May 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $93.08. Since that recommendation, shares of Insulet Corp have risen 80.4%. We continue to monitor PODD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Insulet Corp have traded between a low of $70.80 and a high of $167.05 and are now at $167.95, which is 137% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.6% while the 50-day MA has advanced 2.7%.

Keywords: unusual volume insulet corp

Ticker(s): PODD