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Shares of EQT Are Down on Strong Volume (EQT)

By Shiri Gupta

The price of EQT shares has slipped to $55.37 (a 5.8% change) on heavy trading volume. Approximately 2.2 million shares have changed hands today vs. average 30-day volume of 2.0 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

Over the past year, EQT has traded in a range of $47.10 to $92.79 and is now at $55.37, 18% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.4%.

Keywords: unusual volume

Ticker(s): EQT