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Medidata Solutions Rising Today on Above-Average Volume (MDSO)

By David Diaz

Medidata Solutions's stock is up 9.1% to $50.99 on heavy trading volume. Today's volume of 511,000 shares tops the average 30-day volume of 402,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in Medidata Solutions. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Medidata Solutions in search of a potential trend change.

Medidata Solutions share prices have moved between a 52-week high of $127.77 and a 52-week low of $26.72 and are now trading 90% above that low price at $50.66 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.7%.

Keywords: unusual volume medidata solutions

Ticker(s): MDSO