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SandRidge Energy Trading Lower on Heavy Volume, Inline With Overall Trend (SD)
Nov 09, 2012 (SmarTrend(R) News Watch via COMTEX) --
Shares of SandRidge Energy are trading today in above average volume, with the share price falling 7.5% to $5.64. About 36.6 million shares have been traded today, as compared to the 30-day average volume of 10.9 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that its subscribers protect gains by selling shares of SandRidge Energy on October 24th, 2012 by issuing a Downtrend alert when the shares were trading at $6.59. Since that call, shares of SandRidge Energy have fallen 7.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
SandRidge Energy share prices have moved between a 52-week high of $9.04 and the current low of $4.81 and are currently at $5.62 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 0.2%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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