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ShoreTel Falling Today on Above-Average Volume (SHOR)

By Nick Russo

ShoreTel shares are trading on heavy volume today, having risen 0.0% to $6.18. Today's volume of 520,000 shares tops the average 30-day volume of 402,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that its subscribers protect gains by selling shares of ShoreTel on December 23rd, 2015 by issuing a Downtrend alert when the shares were trading at $9.14. Since that call, shares of ShoreTel have fallen 33.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

ShoreTel share prices have moved between a 52-week high of $10.56 and a 52-week low of $5.83 and are now trading 6% above that low price at $6.18 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.3%.

Keywords: unusual volume shoretel

Ticker(s): SHOR