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Mentor Graphics Rising on Above-Average Volume, Consistent With Trend (MENT)

By Nick Russo

Shares of Mentor Graphics are trading today in above average volume, with the share price rising 0.4% to $28.48. Today's volume of 1.1 million shares tops the average 30-day volume of 1.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Mentor Graphics on April 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.74. Since that recommendation, shares of Mentor Graphics have risen 36.8%. We continue to monitor MENT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Mentor Graphics have traded between a low of $8.50 and a high of $28.54 and are now at $28.41, which is 234% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.5%.

Keywords: unusual volume mentor graphics

Ticker(s): MENT