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Michaels Cos Inc Trading Lower Today on Above-Average Volume (MIK)

By Nick Russo

The price of Michaels Cos Inc shares has slipped to $17.89 (a 18.4% change) on heavy trading volume. Approximately 3.2 million shares have changed hands today vs. average 30-day volume of 1.4 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

Over the past year, Michaels Cos Inchas traded in a range of $0.00 to $29.75 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Keywords: unusual volume michaels cos inc

Ticker(s): MIK