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Shares of Wageworks Are Up on Strong Volume (WAGE)

By Nick Russo

Wageworks's stock is up 28.9% to $38.50 on heavy trading volume. About 1.6 million shares have been traded today, as compared to the 30-day average volume of 530,000 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.

Wageworks share prices have moved between a 52-week high of $56.80 and a 52-week low of $25.15 and are now trading 53% above that low price at $38.50 per share. The 200-day and 50-day moving averages have moved 0.56% lower and 0.65% higher over the past week, respectively.

Keywords: unusual volume wageworks

Ticker(s): WAGE