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Rovi Trading Higher Today on Above-Average Volume, Consistent With Trend (ROVI)
Jan 04, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of Rovi are trading today in above average volume, with the share price rising 5.2% to $16.68. Approximately 1.2 million shares have changed hands today vs. average 30-day volume of 752,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Rovi on August 3rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.08. Since that recommendation, shares of Rovi have risen 12.6%. We continue to monitor ROVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Rovi share prices have moved between a 52-week high of $60.84 and a 52-week low of $9.91 and are now trading 68% above that low price at $16.65 per share. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 0.5%.
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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