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Revance Therapeu Trading Lower on Heavy Volume, Inline With Overall Trend (RVNC)

By Shiri Gupta

Revance Therapeu shares are trading on heavy volume today, having fallen 5.7% to $24.48. Today's volume of 340,000 shares tops the average 30-day volume of 236,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of Revance Therapeu on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $30.60. Since that call, shares of Revance Therapeu have fallen 15.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Revance Therapeu share prices have been bracketed by a low of $12.35 and a high of $37.45 and are now at $23.91, 94% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has remained constant.

Keywords: unusual volume revance therapeu

Ticker(s): RVNC