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Possible Trend Reversal, Chart Industries Down on Heavy Volume (GTLS)

By Amy Schwartz

Chart Industries shares are trading on heavy volume today, having fallen 6.8% to $68.00. Approximately 457,000 shares have changed hands today vs. average 30-day volume of 323,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Chart Industries on May 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.38. Since that recommendation, shares of Chart Industries have risen 18.8%. We continue to monitor GTLS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Chart Industries have traded between a low of $32.04 and a high of $74.27 and are now at $68.33, which is 113% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 1.4%.

Keywords: unusual volume chart industries

Ticker(s): GTLS