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Possible Trend Reversal, Therapeuticsmd Down on Heavy Volume (TXMD)

By Amy Schwartz

Therapeuticsmd's stock is down 11.6% to $4.97 on heavy trading volume. Approximately 2.6 million shares have changed hands today vs. average 30-day volume of 1.3 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Therapeuticsmd on June 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.32. Since that recommendation, shares of Therapeuticsmd have risen 5.8%. We continue to monitor TXMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Therapeuticsmd have traded between a low of $3.50 and a high of $8.88 and are now at $4.97, which is 42% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.4%.

Keywords: unusual volume therapeuticsmd

Ticker(s): TXMD