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Possible Trend Reversal, Cytomx Therapeut Down on Heavy Volume (CTMX)

By Amy Schwartz

Cytomx Therapeut's stock is down 4.8% to $24.10 on heavy trading volume. Approximately 939,000 shares have changed hands today vs. average 30-day volume of 496,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

In the past 52 weeks, shares of Cytomx Therapeut have traded between a low of $13.09 and a high of $35.00 and are now at $24.09, which is 84% 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 declined 0.5%.

Keywords: unusual volume cytomx therapeut

Ticker(s): CTMX