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Shares of Applied Optoelec Are Down on Strong Volume (AAOI)

By Nick Russo

Applied Optoelec's stock is down 4.2% to $28.91 on heavy trading volume. Today's volume of 995,000 shares tops the average 30-day volume of 538,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

In the past 52 weeks, shares of Applied Optoelec have traded between a low of $9.07 and a high of $103.41 and are now at $28.95, which is 219% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has slid 0.9%.

Keywords: unusual volume applied optoelec

Ticker(s): AAOI