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Shares of Adtran Inc Down on Above Average Volume, Moving Against Trend (ADTN)

By David Diaz

Adtran Inc shares are trading on heavy volume today, having fallen 22.7% to $8.43. Approximately 651,000 shares have changed hands today vs. average 30-day volume of 256,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

In the past 52 weeks, Adtran Inc share prices have been bracketed by a low of $9.92 and a high of $18.40 and are now at $10.91, 10% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Keywords: unusual volume adtran inc

Ticker(s): ADTN