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Ivanhoe Mines's Shares Changing Hands at Higher Prices on 1.2x Above-Average Volume (IVN)

Written on Tue, 07/27/2010 - 10:47am
By Chip Brian

Shares of Ivanhoe Mines (NYSE:IVN) are trading up 2.2% to $17.94 today on above average volume. Approximately 2.3 million shares have traded hands today vs. average 30-day volume of 1.9 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of IVN to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Ivanhoe Mines and our subscribers were alerted to buy on May 28, 2010 at $14.58. The stock has risen 23% since the alert was issued.

Keywords: ivanhoe mines unusual volume

Ticker(s): IVN

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