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Nestle Falling Today on Above-Average Volume (NSRGY)

By Shiri Gupta

Nestle shares are trading on heavy volume today, having fallen -13.9% to $79.03. Approximately 1.2 million 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 recommended that subscribers consider buying shares of Nestle on June 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.60. Since that recommendation, shares of Nestle have risen 4.8%. We continue to monitor NSRGY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Nestle share prices have been bracketed by a low of $68.00 and a high of $79.76 and are now at $79.19, 16% 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