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Thursday, April 5, 2012

Surprising Price Movement Observed In Shares Of (NASDAQ: PLCM)

Polycom, Inc. (NASDAQ: PLCM): fell by 17.21% or $-3.13/share to $15.06. In the past year, the shares have traded as low as $14.45 and as high as $34.30. On average, 2647240 shares of PLCM exchange hands on a given day and today's volume is recorded at 1240567. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $18.62 area where the stock may encounter resistance.