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JPMorgan Alerian MLP Index ETN Falling Today on Above-Average Volume (AMJ)

By David Diaz

JPMorgan Alerian MLP Index ETN shares are trading on heavy volume today, having fallen 9.2% to $24.41. About 4.1 million shares have been traded today, as compared to the 30-day average volume of 3.3 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of JPMorgan Alerian MLP Index ETN on November 12th, 2015 by issuing a Downtrend alert when the shares were trading at $31.28. Since that call, shares of JPMorgan Alerian MLP Index ETN have fallen 14.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, JPMorgan Alerian MLP Index ETN share prices have been bracketed by a current low of $24.94 and a high of $47.70 and are now at $25.17. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.3%.

Keywords: unusual volume jpmorgan alerian mlp index etn

Ticker(s): AMJ