Shares of Arris Group Exhibit Possible Trend Reversal as it Trades Higher (ARRS)
Shares of Arris Group are trading up 7.3% to $24.86 today on above average volume. About 3.0 million shares have been traded today, as compared to the 30-day average volume of 1.9 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that its subscribers protect gains by selling shares of Arris Group on January 7th, 2016 by issuing a Downtrend alert when the shares were trading at $28.16. Since that call, shares of Arris Group have fallen 17.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Arris Group share prices have moved between a 52-week high of $34.90 and a 52-week low of $20.27 and are now trading 24% above that low price at $25.04 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.2%.
Keywords: unusual volume Arris Group