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Shares of AstraZeneca Exhibit Possible Trend Reversal as it Trades Higher (AZN)

By Shiri Gupta

Shares of AstraZeneca are trading today in above average volume, with the share price rising 7.5% to $33.48. About 7.9 million shares have been traded today, as compared to the 30-day average volume of 3.7 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

In the past 52 weeks, AstraZeneca share prices have been bracketed by a low of $25.55 and a high of $70.67 and are now at $33.48, 31% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.4% while the 50-day MA has declined 0.2%.

Keywords: unusual volume AstraZeneca

Ticker(s): AZN