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Shares of Honda Motor Down on Above Average Volume, Moving Against Trend (HMC)
Jan 04, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of Honda Motor are trading today in above average volume, with the share price falling 1.0% to $37.53. Today's volume of 785,000 shares tops the average 30-day volume of 499,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of Honda Motor on November 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.23. Since that recommendation, shares of Honda Motor have risen 17.6%. We continue to monitor HMC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Honda Motor share prices have moved between a 52-week high of $39.35 and a 52-week low of $28.50 and are now trading 32% above that low price at $37.57 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.
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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