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Shares of Exact Sciences Down on Above Average Volume, Moving Against Trend (EXAS)

By Nick Russo

Exact Sciences shares are trading on heavy volume today, having risen 26.5% to $15.76. Approximately 3.9 million shares have changed hands today vs. average 30-day volume of 1.9 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Exact Sciences on June 6th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.13. Since that recommendation, shares of Exact Sciences have risen 74.9%. We continue to monitor EXAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Exact Sciences share prices have been bracketed by a low of $4.67 and a high of $32.85 and are now at $15.76, 237% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 3.6%.

Keywords: unusual volume exact sciences

Ticker(s): EXAS