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Possible Trend Reversal, Nordson Down on Heavy Volume (NDSN)

By Shiri Gupta

Shares of Nordson are trading today in above average volume, with the share price rising 11.1% to $84.66. Today's volume of 264,000 shares tops the average 30-day volume of 256,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Nordson on January 27th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.74. Since that recommendation, shares of Nordson have risen 29.7%. We continue to monitor NDSN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Nordson share prices have been bracketed by a low of $51.89 and a high of $84.68 and are now at $84.66, 63% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

Keywords: unusual volume Nordson

Ticker(s): NDSN