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Shares of Commercial Metal Are Down on Strong Volume (CMC)

By Amy Schwartz

Commercial Metal's stock is down 4.8% to $15.44 on heavy trading volume. Today's volume of 1.2 million shares tops the average 30-day volume of 956,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

Commercial Metal share prices have moved between a 52-week high of $24.95 and a 52-week low of $15.23 and are now trading 4% above that low price at $15.77 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.3%.

Keywords: unusual volume commercial metal

Ticker(s): CMC