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Lumentum Hol Trading Lower on Heavy Volume, Inline With Overall Trend (LITE)

By Nick Russo

Lumentum Hol shares are trading on heavy volume today, having fallen 8.6% to $58.80. About 887,000 shares have been traded today, as compared to the 30-day average volume of 502,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Lumentum Hol and will alert subscribers who have LITE in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Lumentum Hol have traded between a low of $22.04 and a high of $74.40 and are now at $58.80, which is 167% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.4%.

Keywords: unusual volume lumentum hol

Ticker(s): LITE