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Shares of InterOil Are Down on Strong Volume (IOC)

By Amy Schwartz

InterOil shares are trading on heavy volume today, having risen 31.8% to $41.72. Approximately 716,000 shares have changed hands today vs. average 30-day volume of 289,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

In the past 52 weeks, shares of InterOil have traded between a low of $21.18 and a high of $61.15 and are now at $41.72, which is 97% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 0.9%.

Keywords: unusual volume amex:ioc interoil

Ticker(s): IOC