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Shares of Convergys Corp Are Down on Strong Volume (CVG)

By Nick Russo

Convergys Corp's stock is down 0.6% to $24.74 on heavy trading volume. About 604,000 shares have been traded today, as compared to the 30-day average volume of 412,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

In the past 52 weeks, shares of Convergys Corp have traded between a low of $20.15 and a high of $30.92 and are now at $24.57, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Keywords: unusual volume convergys corp

Ticker(s): CVG