Brocade Communications Systems (NASDAQ:BRCD) is one of today's worst performing low-priced stocks, down 2.2% to $4.85 on 0.4x average daily volume. Approximately 3.7 million shares have traded hands today vs. 30-day average volume of 10.1 million shares.
High volume often signals a change in trends. Shares of Brocade Communications Systems are currently trading below their 50-day moving average (MA) of $5.27 and below their 200-day MA of $6.64.
SmarTrend scans for speculative low-price stocks under $5 for reversals in trends. A large price movement may signal continuation or reversal of a trend.
Brocade Communications Systems is in SmarTrend's Data Storage Devices industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Downtrend and price prediction.
SmarTrend is bearish on shares of Brocade Communications Systems and our subscribers were alerted to sell on November 24, 2009 at $7.30. The stock has fallen 33.6% since the alert was issued.