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Shares of Finisar Are Down on Strong Volume (FNSR)

By David Diaz

The price of Finisar shares has slipped to $27.02 (a 2.8% change) on heavy trading volume. About 1.8 million shares have been traded today, as compared to the 30-day average volume of 1.2 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

In the past 52 weeks, shares of Finisar have traded between a low of $10.66 and a high of $36.85 and are now at $27.00, which is 153% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

Keywords: unusual volume finisar

Ticker(s): FNSR