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Possible Trend Reversal, Cincinnati Bell Down on Heavy Volume (CBB)

Written on Fri, 01/18/2013 - 1:22pm
By David Diaz

Cincinnati Bell's stock is down 4.0% to $5.09 on heavy trading volume. Approximately 7.8 million shares have changed hands today vs. average 30-day volume of 2.6 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

Over the past year, Cincinnati Bell has traded in a range of $3.18 to $5.89 and is now at $5.15, 62% above that low. The 200-day and 50-day moving averages have moved 0.57% higher and 0.30% higher over the past week, respectively.

Keywords: unusual volume cincinnati bell

Ticker(s): CBB

Contact David Diaz



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