Pier 1 Imports Falling Today on Above-Average Volume (PIR)
Shares of Pier 1 Imports are trading down 8.1% to $5.00 today on above average volume. Approximately 3.9 million shares have changed hands today vs. average 30-day volume of 1.8 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 Pier 1 Imports on May 12th, 2016 by issuing a Downtrend alert when the shares were trading at $5.62. Since that call, shares of Pier 1 Imports have fallen 3.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Pier 1 Imports share prices have moved between a 52-week high of $13.58 and a 52-week low of $3.76 and are now trading 33% above that low price at $5.01 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 1.7%.
Keywords: unusual volume Pier 1 Imports