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Manhattan Associates Falling Today on Above-Average Volume (MANH)

By David Diaz

Manhattan Associates shares are trading on heavy volume today, having fallen 8.7% to $53.85. About 1.4 million shares have been traded today, as compared to the 30-day average volume of 734,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Manhattan Associates on June 24th, 2016 by issuing a Downtrend alert when the shares were trading at $62.46. Since that call, shares of Manhattan Associates have fallen 5.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Manhattan Associates has traded in a range of $28.24 to $126.27 and is now at $53.65, 90% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Keywords: unusual volume manhattan associates

Ticker(s): MANH