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Shares of Ritchie Bros Auctioneers Exhibit Possible Trend Reversal as it Trades Higher (RBA)

By James Quinn

Ritchie Bros Auctioneers's stock is up 17.7% to $34.01 on heavy trading volume. Today's volume of 2.0 million shares tops the average 30-day volume of 461,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Ritchie Bros Auctioneers and will alert subscribers who have RBA in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Ritchie Bros Auctioneers has traded in a range of $21.03 to $35.24 and is now at $33.89, 61% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has risen 0.2%.

Keywords: unusual volume ritchie bros auctioneers

Ticker(s): RBA