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Shares of Biotelemetry Inc Down on Above Average Volume, Moving Against Trend (BEAT)

By David Diaz

Biotelemetry Inc's stock is down 1.4% to $57.95 on heavy trading volume. Approximately 375,000 shares have changed hands today vs. average 30-day volume of 353,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Biotelemetry Inc on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.18. Since that recommendation, shares of Biotelemetry Inc have risen 71.9%. We continue to monitor BEAT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Biotelemetry Inc share prices have moved between a 52-week high of $62.55 and a 52-week low of $23.30 and are now trading 150% above that low price at $58.22 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 1.3%.

Keywords: unusual volume biotelemetry inc

Ticker(s): BEAT