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Friday, June 28, 2013

Abnormal Volume Detected In (NYSE: SLT)

NYSE (NYSE: SLT): traded higher by 3.86% or $0.2099/share to $5.65. In the past year, the shares have traded as low as $5.16 and as high as $9.06. On average, 628275 shares of SLT exchange hands on a given day and today's volume is recorded at 632222. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $6.34 area but be careful because the stock may face selling pressure at this level.