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Shares of Infinera Corp Down on Above Average Volume, Moving Against Trend (INFN)

By Nick Russo

The price of Infinera Corp shares has slipped to $4.75 (a 18.1% change) on heavy trading volume. About 5.0 million shares have been traded today, as compared to the 30-day average volume of 2.2 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is tracking the current trend status for Infinera Corp and will alert subscribers who have INFN in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Infinera Corp have traded between a low of $3.68 and a high of $12.50 and are now at $5.80, which is 58% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 1.2%.

Keywords: unusual volume infinera corp

Ticker(s): INFN