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Walter Investment Management Trading Higher Today on Above-Average Volume, Consistent With Trend (WAC)

By Nick Russo

Walter Investment Management shares are trading on heavy volume today, having risen 7.1% to $5.62. About 354,000 shares have been traded today, as compared to the 30-day average volume of 249,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Walter Investment Management on August 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $3.29. Since that recommendation, shares of Walter Investment Management have risen 59.6%. We continue to monitor WAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Walter Investment Management has traded in a range of $2.24 to $23.70 and is now at $5.30, 137% above that low. Over the past week, the 200-day moving average (MA) has gone down 2.1% while the 50-day MA has declined 2.6%.

Keywords: unusual volume amex:wac walter investment management

Ticker(s): WAC