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Shares of Neogenomics Inc Down on Above Average Volume, Moving Against Trend (NEO)

By James Quinn

The price of Neogenomics Inc shares has slipped to $12.33 (a 5.7% change) on heavy trading volume. About 1.6 million shares have been traded today, as compared to the 30-day average volume of 503,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Neogenomics Inc on February 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.26. Since that recommendation, shares of Neogenomics Inc have risen 58.3%. We continue to monitor NEO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Neogenomics Inc share prices have been bracketed by a low of $7.08 and a high of $15.00 and are now at $12.33, 74% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.3%.

Keywords: unusual volume neogenomics inc

Ticker(s): NEO