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Wednesday, July 3, 2013

Significant Volume Found In Shares Of (NYSE: CGG)

NYSE (NYSE: CGG): traded higher by 3.70% or $0.83/share to $23.28. In the past year, the shares have traded as low as $20.00 and as high as $34.84. On average, 17034 shares of CGG exchange hands on a given day and today's volume is recorded at 23904. 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 $23.97 area but be careful because the stock may face selling pressure at this level.