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Royal Bank of Scotland Rising Today on Above-Average Volume (RBS)

By James Quinn

Royal Bank of Scotland's stock is up 7.8% to $6.99 on heavy trading volume. About 2.0 million shares have been traded today, as compared to the 30-day average volume of 1.0 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is monitoring the recent change of momentum in Royal Bank of Scotland. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Royal Bank of Scotland in search of a potential trend change.

In the past 52 weeks, shares of Royal Bank of Scotland have traded between a low of $5.79 and a high of $11.63 and are now at $6.99, which is 21% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 0.4%.

Keywords: unusual volume Royal bank of Scotland

Ticker(s): RBS