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Robbins & Myers Falling Today on Above-Average Volume (RBN)
Jan 22, 2013 (SmarTrend(R) News Watch via COMTEX) --
Robbins & Myers shares are trading on heavy volume today, having fallen 0.4% to $59.40. Today's volume of 782,000 shares tops the average 30-day volume of 484,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Robbins & Myers on July 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.57. Since that recommendation, shares of Robbins & Myers have risen 33.9%. We continue to monitor RBN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Robbins & Myers share prices have moved between a 52-week high of $60.19 and a 52-week low of $37.90 and are now trading 57% above that low price at $59.40 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.
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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