• Return to Headlines

Trading Higher on Heavy Volume are Shares of China Precision Steel on 2.2x Above-Average Volume (CPSL)

Written on Wed, 08/04/2010 - 9:58am
By Chip Brian

Shares of China Precision Steel (NASDAQ:CPSL) are trading up 9.9% to $1.78 today on above average volume. Approximately 709,000 shares have traded hands today vs. average 30-day volume of 318,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of CPSL to see if this bullish momentum will continue.
SmarTrend is bullish on shares of China Precision Steel and our subscribers were alerted to buy on July 28, 2010 at $1.63. The stock has risen 9.2% since the alert was issued.

Keywords: china precision steel unusual volume

Ticker(s): CPSL

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.