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Shares of Etsy Inc Down on Above Average Volume, Moving Against Trend (ETSY)

By Amy Schwartz

Shares of Etsy Inc are trading today in above average volume, with the share price falling -24.1% to $40.93. Today's volume of 3.2 million shares tops the average 30-day volume of 2.1 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Etsy Inc on February 14th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.79. Since that recommendation, shares of Etsy Inc have risen 66.7%. We continue to monitor ETSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Etsy Inchas traded in a range of $0.00 to $34.22 and are now at $0.00. The 200-day and 50-day moving averages have moved 1.16% higher and 0.96% higher over the past week, respectively.

Keywords: unusual volume etsy inc

Ticker(s): ETSY