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Shares of New Relic Inc Are Down on Strong Volume (NEWR)

By David Diaz

The price of New Relic Inc shares has climbed to $87.64 (a 0.8% change) on heavy trading volume. About 368,000 shares have been traded today, as compared to the 30-day average volume of 323,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

In the past 52 weeks, shares of New Relic Inc have traded between a low of $27.20 and a high of $91.79 and are now at $87.64, which is 222% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.6%.

Keywords: unusual volume new relic inc

Ticker(s): NEWR