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Philips Electronic Falling Today on Above-Average Volume (PHG)

By James Quinn

Philips Electronic's stock is down 0.0% to $28.30 on heavy trading volume. About 1.6 million shares have been traded today, as compared to the 30-day average volume of 1.4 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Philips Electronic on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.42. Since that recommendation, shares of Philips Electronic have risen 11.4%. We continue to monitor PHG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Philips Electronic has traded in a range of $23.00 to $28.75 and is now at $28.30, 23% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Keywords: unusual volume philips electronic

Ticker(s): PHG