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Nestle Falling Today on Above-Average Volume (NSRGY)

By David Diaz

The price of Nestle shares has slipped to $73.27 (a -5.6% change) on heavy trading volume. About 707,000 shares have been traded today, as compared to the 30-day average volume of 690,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Nestle on September 16th, 2016 by issuing a Downtrend alert when the shares were trading at $78.49. Since that call, shares of Nestle have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Nestle share prices have been bracketed by a low of $68.00 and a high of $83.25 and are now at $73.27, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: unusual volume nestle

Ticker(s): NSRGY