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Ocular Therapeut Declining With Trend-Confirming Volume (OCUL)

By Shiri Gupta

Shares of Ocular Therapeut are trading down 3.4% to $6.12 today on above average volume. Today's volume of 357,000 shares tops the average 30-day volume of 227,000 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 Ocular Therapeut on June 30th, 2017 by issuing a Downtrend alert when the shares were trading at $9.20. Since that call, shares of Ocular Therapeut have fallen 31.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Ocular Therapeut share prices have been bracketed by a low of $4.04 and a high of $11.91 and are now at $6.15, 52% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.7% while the 50-day MA has advanced 2.3%.

Keywords: unusual volume ocular therapeut

Ticker(s): OCUL