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Novartis Rising Today on Above-Average Volume (NVS)

By David Diaz

Novartis's stock is up 2.3% to $77.54 on heavy trading volume. About 2.8 million shares have been traded today, as compared to the 30-day average volume of 2.4 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Novartis and will alert subscribers who have NVS in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Novartis share prices have been bracketed by a low of $69.89 and a high of $106.84 and are now at $77.90, 11% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.2%.

Keywords: unusual volume Novartis

Ticker(s): NVS