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K2M Group Holdin Trading Higher Today on Above-Average Volume, Consistent With Trend (KTWO)

By Amy Schwartz

Shares of K2M Group Holdin are trading today in above average volume, with the share price rising 2.0% to $27.49. Approximately 9.7 million shares have changed hands today vs. average 30-day volume of 1.2 million 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 August 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.43. Since that recommendation, shares of K2M Group Holdin have risen 20.1%. We continue to monitor KTWO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

K2M Group Holdin share prices have moved between a 52-week high of $27.50 and a 52-week low of $16.44 and are now trading 67% above that low price at $27.49 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.9%.

Keywords: unusual volume k2m group holdin

Ticker(s): KTWO