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Trading Lower on Heavy Volume are Shares of LSI on 1.7x Above-Average Volume (LSI)

Written on Thu, 07/29/2010 - 10:43am
By Chip Brian

Shares of LSI (NYSE:LSI) are trading down 12.7% to $4.14 today on above average volume. Approximately 19.1 million shares have traded hands today vs. average 30-day volume of 7 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of LSI to see if this bearish momentum will continue.
SmarTrend is bearish on shares of LSI and our subscribers were alerted to sell on May 06, 2010 at $5.54. The stock has fallen 25.3% since the alert was issued.

Keywords: unusual volume

Ticker(s): LSI

Contact Chip Brian



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