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Taubman Centers Up on Heavy Volume in Possible Trend Reversal (TCO)

By Shiri Gupta

The price of Taubman Centers shares has climbed to $74.86 (a 5.2% change) on heavy trading volume. About 750,000 shares have been traded today, as compared to the 30-day average volume of 357,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Taubman Centers on September 13th, 2016 by issuing a Downtrend alert when the shares were trading at $74.65. Since that call, shares of Taubman Centers have fallen 4.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Taubman Centers has traded in a range of $63.32 to $81.68 and is now at $75.49, 19% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: unusual volume taubman centers

Ticker(s): TCO