Unexpected Volume Encountered In (NYSE: DMD)

NYSE (NYSE: DMD): fell by 0.80% or $-0.05/share to $6.19. In the past year, the shares have traded as low as $5.79 and as high as $12.50. On average, 444797 shares of DMD exchange hands on a given day and today's volume is recorded at 520777. 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 $8.25 area but be careful because the stock may face selling pressure at this level.