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K2M Group Holdin Falling Today on Above-Average Volume (KTWO)

By Amy Schwartz

K2M Group Holdin shares are trading on heavy volume today, having fallen 5.8% to $21.78. Today's volume of 510,000 shares tops the average 30-day volume of 233,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of K2M Group Holdin on February 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.63. Since that recommendation, shares of K2M Group Holdin have risen 12.1%. We continue to monitor KTWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, K2M Group Holdin share prices have been bracketed by a low of $14.49 and a high of $25.99 and are now at $21.37, 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

Keywords: unusual volume k2m group holdin

Ticker(s): KTWO