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Possible Trend Reversal, Blount International Down on Heavy Volume (BLT)
Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
Blount International's stock is down 1.4% to $15.65 on heavy trading volume. About 492,000 shares have been traded today, as compared to the 30-day average volume of 267,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Blount International on September 13th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.94. Since that recommendation, shares of Blount International have risen 13.9%. We continue to monitor BLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, Blount International share prices have been bracketed by a low of $12.46 and a high of $17.62 and are now at $15.67, 26% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% 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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