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Possible Trend Reversal, Cornerstone Strategic Value Fund Down on Heavy Volume (CLM)

By David Diaz

Cornerstone Strategic Value Fund's stock is down 0.9% to $15.01 on heavy trading volume. Today's volume of 335,000 shares tops the average 30-day volume of 224,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Cornerstone Strategic Value Fund and will alert subscribers who have CLM in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Cornerstone Strategic Value Fund have traded between a low of $11.51 and a high of $23.03 and are now at $15.09, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.38% lower and 1.64% higher over the past week, respectively.

Keywords: unusual volume amex:clm cornerstone strategic value fund

Ticker(s): CLM