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Tech Data Corp Trading Lower Today on Above-Average Volume (TECD)

By Shiri Gupta

Tech Data Corp's stock is down 18.9% to $83.56 on heavy trading volume. Today's volume of 723,000 shares tops the average 30-day volume of 322,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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

In the past 52 weeks, Tech Data Corp share prices have been bracketed by a low of $67.67 and a high of $111.10 and are now at $85.40, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.7%.

Keywords: unusual volume tech data corp

Ticker(s): TECD