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Volume Spike Detected in Shares of Constant Contact as They Move Lower on 1.3x Above-Average Volume (CTCT)

Written on Fri, 07/30/2010 - 12:26pm
By Chip Brian

Shares of Constant Contact (NASDAQ:CTCT) are trading down 7.4% to $19.66 today on above average volume. Approximately 482,000 shares have traded hands today vs. average 30-day volume of 209,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of CTCT to see if this bearish momentum will continue.
SmarTrend is bearish on shares of Constant Contact and our subscribers were alerted to sell on July 19, 2010 at $20.60. The stock has fallen 4.6% since the alert was issued.

Keywords: constant contact unusual volume

Ticker(s): CTCT

Contact Chip Brian
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