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Local.com Trading Lower on 1x Above-Average Volume (LOCM)

Written on Tue, 07/27/2010 - 1:06pm
By Chip Brian

Shares of Local.com (NASDAQ:LOCM) are trading down 12.5% to $6.53 today on above average volume. Approximately 428,000 shares have traded hands today vs. average 30-day volume of 210,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of LOCM to see if this bearish momentum will continue.
SmarTrend is bearish on shares of Local.com and our subscribers were alerted to sell on July 02, 2010 at $6.55. The stock has fallen 0.3% since the alert was issued.

Keywords: local.com unusual volume

Ticker(s): LOCM

Contact Chip Brian



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