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Possible Trend Reversal, Electronics for Imaging Down on Heavy Volume (EFII)

By Nick Russo

Electronics for Imaging's stock is down 8.8% to $46.35 on heavy trading volume. Approximately 1.1 million shares have changed hands today vs. average 30-day volume of 406,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Electronics for Imaging on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.83. Since that recommendation, shares of Electronics for Imaging have risen 13.4%. We continue to monitor EFII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Electronics for Imaging share prices have been bracketed by a low of $35.88 and a high of $51.15 and are now at $46.32, 29% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: unusual volume electronics for imaging

Ticker(s): EFII