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Valspar Trading Higher Today on Above-Average Volume, Consistent With Trend (VAL)
Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) --
Valspar shares are trading on heavy volume today, having risen 6.2% to $46.76. Approximately 2.3 million shares have changed hands today vs. average 30-day volume of 732,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
SmarTrend recommended that subscribers consider buying shares of Valspar on August 15th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.62. Since that recommendation, shares of Valspar have risen 39.2%. We continue to monitor VAL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of Valspar have traded between a low of $27.44 and a high of $47.17 and are now at $47.17, which is 72% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.3%.
Write to Chip Brian at cbrian@mysmartrend.com
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