TMCnet News
Possible Trend Reversal, MSC Industrial Direct Down on Heavy Volume (MSM)Jan 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of MSC Industrial Direct are trading down 4.5% to $73.54 today on above average volume. Approximately 874,000 shares have changed hands today vs. average 30-day volume of 340,000 shares. Spikes in volume can validate a breakout or signify a potential turning point. SmarTrend recommended that subscribers consider buying shares of MSC Industrial Direct on October 11th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.91. Since that recommendation, shares of MSC Industrial Direct have risen 7.1%. We continue to monitor MSM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. In the past 52 weeks, shares of MSC Industrial Direct have traded between a low of $61.39 and a high of $84.76 and are now at $72.87, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.11% lower and 0.62% higher over the past week, respectively. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 |