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Nokia Declining With Trend-Confirming Volume (NOK)

By David Diaz

Shares of Nokia are trading today in above average volume, with the share price falling 6.3% to $5.33. Today's volume of 14.5 million shares tops the average 30-day volume of 12.0 million 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 Nokia on February 1st, 2016 by issuing a Downtrend alert when the shares were trading at $6.34. Since that call, shares of Nokia have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Nokiahas traded in a range of $5.27 to $7.63 and are now at $5.33. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.4%.

Keywords: unusual volume Nokia

Ticker(s): NOK