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Trading Higher on Heavy Volume are Shares of Syniverse on 1.4x Above-Average Volume (SVR)

Written on Wed, 07/21/2010 - 2:28pm
By Chip Brian

Shares of Syniverse (NYSE:SVR) are trading up 0.1% to $22.52 today on above average volume. Approximately 816,000 shares have traded hands today vs. average 30-day volume of 593,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of SVR to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Syniverse and our subscribers were alerted to buy on June 18, 2010 at $19.83. The stock has risen 13.6% since the alert was issued.

Keywords: Syniverse unusual volume

Ticker(s): SVR

Contact Chip Brian



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