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Triumph Rising on Above-Average Volume, Consistent With Trend (TGI)

By David Diaz

Triumph shares are trading on heavy volume today, having risen 7.7% to $37.22. Approximately 813,000 shares have changed hands today vs. average 30-day volume of 573,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Triumph on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.72. Since that recommendation, shares of Triumph have risen 24.7%. We continue to monitor TGI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Triumph has traded in a range of $22.94 to $70.68 and is now at $36.81, 60% above that low. The 200-day and 50-day moving averages have moved 1.03% lower and 1.69% higher over the past week, respectively.

Keywords: unusual volume triumph

Ticker(s): TGI