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Shares of Ii-Vi Inc Are Down on Strong Volume (IIVI)

By Nick Russo

Ii-Vi Inc's stock is down 17.8% to $38.52 on heavy trading volume. About 1.4 million shares have been traded today, as compared to the 30-day average volume of 736,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

Over the past year, Ii-Vi Inc has traded in a range of $17.76 to $53.08 and is now at $39.17, 121% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

Keywords: unusual volume ii-vi inc

Ticker(s): IIVI