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Shares of Coinstar Down on Above Average Volume, Moving Against Trend (CSTR)
Jan 04, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of Coinstar are trading today in above average volume, with the share price falling 5.7% to $49.07. Today's volume of 1.5 million shares tops the average 30-day volume of 835,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of Coinstar on December 5th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.93. Since that recommendation, shares of Coinstar have risen 6.4%. We continue to monitor CSTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Coinstar share prices have moved between a 52-week high of $71.82 and a 52-week low of $40.50 and are now trading 21% above that low price at $48.99 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.
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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