Possible Trend Reversal, PGT Down on Heavy Volume (PGTI)
PGT's stock is down 9.8% to $11.25 on heavy trading volume. Approximately 535,000 shares have changed hands today vs. average 30-day volume of 266,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of PGT on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $11.39. Since that recommendation, shares of PGT have risen 9.5%. We continue to monitor PGTI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of PGT have traded between a low of $8.69 and a high of $16.28 and are now at $10.84, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.8%.
Keywords: unusual volume pgt