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Shares of KT Down on Above Average Volume, Moving Against Trend (KT)

By Nick Russo

Shares of KT are trading down -0.1% to $16.07 today on above average volume. Today's volume of 584,000 shares tops the average 30-day volume of 403,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of KT on February 8th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.27. Since that recommendation, shares of KT have risen 5.1%. We continue to monitor KT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, KT has traded in a range of $10.81 to $17.24 and is now at $16.05, 48% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.

Keywords: unusual volume

Ticker(s): KT