McMoRan Exploration Trading Higher Today on Above-Average Volume (MMR)
The price of McMoRan Exploration shares has climbed to $15.68 (a 85.3% change) on heavy trading volume. Approximately 50.8 million shares have changed hands today vs. average 30-day volume of 4.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend is monitoring the recent change of momentum in McMoRan Exploration. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of McMoRan Exploration in search of a potential trend change.
In the past 52 weeks, McMoRan Exploration share prices have been bracketed by a low of $7.25 and a high of $16.56 and are now at $15.09, 108% above that low price. The 200-day and 50-day moving averages have moved 0.68% lower and 1.94% lower over the past week, respectively.
Keywords: unusual volume mcmoran exploration