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Middleby Falling Today on Above-Average Volume (MIDD)

By Amy Schwartz

The price of Middleby shares has slipped to $118.75 (a 4.2% change) on heavy trading volume. About 558,000 shares have been traded today, as compared to the 30-day average volume of 358,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Middleby on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.08. Since that recommendation, shares of Middleby have risen 39.1%. We continue to monitor MIDD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Middleby have traded between a low of $70.55 and a high of $127.00 and are now at $121.53, which is 72% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.6%.

Keywords: unusual volume middleby

Ticker(s): MIDD