TMCNet:  Walter Investment Management Rising on Above-Average Volume, Consistent With Trend (WAC)

[October 04, 2012]

Walter Investment Management Rising on Above-Average Volume, Consistent With Trend (WAC)

Oct 04, 2012 (SmarTrend(R) News Watch via COMTEX) -- Walter Investment Management shares are trading on heavy volume today, having risen 7.3% to $43.08. Approximately 692,000 shares have changed hands today vs. average 30-day volume of 324,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.


SmarTrend recommended that subscribers consider buying shares of Walter Investment Management on August 15th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.75. Since that recommendation, shares of Walter Investment Management have risen 56.0%. We continue to monitor WAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Walter Investment Management share prices have moved between a 52-week high of $43.92 and a 52-week low of $17.87 and are now trading 141% above that low price at $43.08 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 3.4%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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