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Pearson Declining With Trend-Confirming Volume (PSO)

By Amy Schwartz

Shares of Pearson are trading today in above average volume, with the share price falling 3.3% to $9.86. Approximately 370,000 shares have changed hands today vs. average 30-day volume of 310,000 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 Pearson on August 29th, 2016 by issuing a Downtrend alert when the shares were trading at $11.25. Since that call, shares of Pearson have fallen 9.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Pearson share prices have been bracketed by a low of $9.18 and a high of $21.15 and are now at $9.84, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 0.2%.

Keywords: unusual volume pearson

Ticker(s): PSO