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Shares of Wageworks Are Down on Strong Volume (WAGE)

By David Diaz

Shares of Wageworks are trading today in above average volume, with the share price falling 12.6% to $42.90. Today's volume of 212,000 shares tops the average 30-day volume of 208,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is monitoring the recent change of momentum in Wageworks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wageworks in search of a potential trend change.

Over the past year, Wageworks has traded in a range of $38.40 to $65.80 and is now at $42.90, 12% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

Keywords: unusual volume wageworks

Ticker(s): WAGE