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Shares of Parexel International Down on Above Average Volume, Moving Against Trend (PRXL)

By David Diaz

Shares of Parexel International are trading up 3.8% to $87.13 today on above average volume. Approximately 6.7 million shares have changed hands today vs. average 30-day volume of 446,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Parexel International on May 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.53. Since that recommendation, shares of Parexel International have risen 24.3%. We continue to monitor PRXL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Parexel International share prices have been bracketed by a low of $51.16 and a high of $87.25 and are now at $87.13, 70% above that low price. The 200-day and 50-day moving averages have moved 0.19% lower and 0.26% higher over the past week, respectively.

Keywords: unusual volume parexel international

Ticker(s): PRXL