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Sanofi-Aventis Falling Today on Above-Average Volume (SNY)

By James Quinn

Sanofi-Aventis shares are trading on heavy volume today, having fallen 0.7% to $38.41. About 2.4 million shares have been traded today, as compared to the 30-day average volume of 2.4 million 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 Sanofi-Aventis on August 5th, 2016 by issuing a Downtrend alert when the shares were trading at $40.12. Since that call, shares of Sanofi-Aventis have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Sanofi-Aventis share prices have been bracketed by a low of $37.41 and a high of $54.98 and are now at $38.41, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has slid 0.6%.

Keywords: unusual volume Sanofi-Aventis

Ticker(s): SNY