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Sears Holdings Falling Today on Above-Average Volume (SHLD)
Feb 28, 2013 (SmarTrend(R) News Watch via COMTEX) --
Sears Holdings's stock is down 5.2% to $45.00 on heavy trading volume. Approximately 1.3 million shares have changed hands today vs. average 30-day volume of 807,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
SmarTrend recommended that subscribers consider buying shares of Sears Holdings on January 15th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.67. Since that recommendation, shares of Sears Holdings have risen 6.3%. We continue to monitor SHLD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Sears Holdings share prices have moved between a 52-week high of $85.90 and a 52-week low of $38.40 and are now trading 17% above that low price at $44.99 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.5%.
Write to Chip Brian at cbrian@mysmartrend.com
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