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Shares of Otonomy Inc Down on Above Average Volume, Moving Against Trend (OTIC)

By Amy Schwartz

Otonomy Inc shares are trading on heavy volume today, having fallen 5.0% to $4.80. About 337,000 shares have been traded today, as compared to the 30-day average volume of 204,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for Otonomy Inc and will alert subscribers who have OTIC in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Otonomy Inc share prices have been bracketed by a low of $2.80 and a high of $21.15 and are now at $4.88, 74% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 1.2%.

Keywords: unusual volume amex:otic otonomy inc

Ticker(s): OTIC