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Possible Trend Reversal, 8X8 Inc Down on Heavy Volume (EGHT)

By Nick Russo

Shares of 8X8 Inc are trading today in above average volume, with the share price falling 16.6% to $17.02. Today's volume of 2.6 million shares tops the average 30-day volume of 1.5 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is tracking the current trend status for 8X8 Inc and will alert subscribers who have EGHT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, 8X8 Inc has traded in a range of $10.30 to $21.57 and is now at $20.42, 98% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.5%.

Keywords: unusual volume 8x8 inc

Ticker(s): EGHT