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Shares of Cray Inc Exhibit Possible Trend Reversal as it Trades Higher (CRAY)

By Shiri Gupta

Shares of Cray Inc are trading up 20.3% to $34.80 today on above average volume. About 935,000 shares have been traded today, as compared to the 30-day average volume of 369,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

In the past 52 weeks, shares of Cray Inc have traded between a low of $18.76 and a high of $34.80 and are now at $34.80, which is 86% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.4%.

Keywords: unusual volume cray inc

Ticker(s): CRAY