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Brocade Communications Systems Trading Lower Today on Above-Average Volume (BRCD)
[August 17, 2012]

Brocade Communications Systems Trading Lower Today on Above-Average Volume (BRCD)

Aug 17, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Brocade Communications Systems are trading down -1.2% to $5.70 today on above average volume. Approximately 10.1 million shares have changed hands today vs. average 30-day volume of 4.1 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend is monitoring the recent change of momentum in Brocade Communications Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Brocade Communications Systems in search of a potential trend change.

Brocade Communications Systems share prices have moved between a 52-week high of $6.17 and a 52-week low of $3.31 and are now trading 70% above that low price at $5.63 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.4%.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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