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KT Rising on Above-Average Volume, Consistent With Trend (KT)

By Amy Schwartz

Shares of KT are trading up 1.3% to $17.00 today on above average volume. About 546,000 shares have been traded today, as compared to the 30-day average volume of 403,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of KT on February 8th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.27. Since that recommendation, shares of KT have risen 10.0%. We continue to monitor KT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, KT share prices have been bracketed by a low of $10.81 and a high of $17.16 and are now at $16.97, 57% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

Keywords: unusual volume

Ticker(s): KT