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Shares of Mednax Are Down on Strong Volume (MD)

By Nick Russo

Mednax shares are trading on heavy volume today, having fallen 8.5% to $61.05. About 862,000 shares have been traded today, as compared to the 30-day average volume of 836,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

In the past 52 weeks, shares of Mednax have traded between a low of $59.36 and a high of $86.09 and are now at $61.05, which is 3% 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 0.4%.

Keywords: unusual volume mednax

Ticker(s): MD