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Nestle Falling Today on Above-Average Volume (NSRGY)

By Nick Russo

Nestle's stock is down -15.6% to $80.18 on heavy trading volume. Approximately 729,000 shares have changed hands today vs. average 30-day volume of 690,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

In the past 52 weeks, Nestle share prices have been bracketed by a low of $66.08 and a high of $83.25 and are now at $80.18, 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Keywords: unusual volume nestle

Ticker(s): NSRGY