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Possible Trend Reversal, Catalent Inc Down on Heavy Volume (CTLT)

By James Quinn

Shares of Catalent Inc are trading down 3.4% to $59.53 today on above average volume. Today's volume of 1.8 million shares tops the average 30-day volume of 693,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

In the past 52 weeks, shares of Catalent Inc have traded between a low of $36.75 and a high of $68.78 and are now at $61.65, which is 68% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.2%.

Keywords: unusual volume catalent inc

Ticker(s): CTLT