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Shares of Pattern Ener Down on Above Average Volume, Moving Against Trend (PEGI)

By James Quinn

Pattern Ener shares are trading on heavy volume today, having fallen 9.0% to $16.98. About 2.0 million shares have been traded today, as compared to the 30-day average volume of 764,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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

In the past 52 weeks, Pattern Ener share prices have been bracketed by a low of $16.58 and a high of $26.56 and are now at $17.00, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has slid 0.7%.

Keywords: unusual volume pattern ener

Ticker(s): PEGI