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Globe Specialty Metals Trading Higher Today on Above-Average Volume (GSM)
Jan 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
Globe Specialty Metals's stock is up 1.5% to $14.60 on heavy trading volume. Today's volume of 491,000 shares tops the average 30-day volume of 386,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend is monitoring the recent change of momentum in Globe Specialty Metals. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Globe Specialty Metals in search of a potential trend change.
In the past 52 weeks, shares of Globe Specialty Metals have traded between a low of $11.41 and a high of $25.67 and are now at $14.52, which is 27% 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 declined 0.8%.
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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