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Rogers Communications Trading Higher Today on Above-Average Volume, Consistent With Trend (RCI)
Feb 15, 2013 (SmarTrend(R) News Watch via COMTEX) --
Shares of Rogers Communications are trading today in above average volume, with the share price rising 4.2% to $47.41. About 606,000 shares have been traded today, as compared to the 30-day average volume of 240,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of Rogers Communications on June 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.36. Since that recommendation, shares of Rogers Communications have risen 25.2%. We continue to monitor RCI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Rogers Communications has traded in a range of $33.58 to $47.35 and is now at $47.29, 41% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.
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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