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Seattle Genetics Falling Today on Above-Average Volume (SGEN)

By Nick Russo

The price of Seattle Genetics shares has slipped to $62.13 (a 3.7% change) on heavy trading volume. Today's volume of 1.3 million shares tops the average 30-day volume of 954,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Seattle Genetics and will alert subscribers who have SGEN in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Seattle Genetics have traded between a low of $26.02 and a high of $75.36 and are now at $61.64, which is 137% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.0%.

Keywords: unusual volume seattle genetics

Ticker(s): SGEN