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Shares of SUPERVALU Exhibit Possible Trend Reversal as it Trades Higher (SVU)

By Nick Russo

SUPERVALU shares are trading on heavy volume today, having risen 9.5% to $5.40. Approximately 3.2 million shares have changed hands today vs. average 30-day volume of 2.6 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

In the past 52 weeks, SUPERVALU share prices have been bracketed by a low of $3.94 and a high of $9.37 and are now at $5.42, 38% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1%.

Keywords: unusual volume SuperValu

Ticker(s): SVU