• Return to Headlines

InterOil Falling Today on Above-Average Volume (IOC)

By James Quinn

Shares of InterOil are trading today in above average volume, with the share price rising 2.3% to $48.72. Today's volume of 381,000 shares tops the average 30-day volume of 289,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of InterOil on May 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.57. Since that recommendation, shares of InterOil have risen 11.8%. We continue to monitor IOC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, InterOil has traded in a range of $21.18 to $61.15 and is now at $48.72, 130% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.9%.

Keywords: unusual volume amex:ioc interoil

Ticker(s): IOC