TMCNet:  Ritchie Bros Auctioneers Rising Today on Above-Average Volume (RBA)

[February 26, 2013]

Ritchie Bros Auctioneers Rising Today on Above-Average Volume (RBA)

Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) -- Ritchie Bros Auctioneers's stock is up 5.5% to $22.42 on heavy trading volume. Approximately 938,000 shares have changed hands today vs. average 30-day volume of 349,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.


SmarTrend is monitoring the recent change of momentum in Ritchie Bros Auctioneers. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ritchie Bros Auctioneers in search of a potential trend change.

Ritchie Bros Auctioneers share prices have moved between a 52-week high of $25.71 and a 52-week low of $17.81 and are now trading 27% above that low price at $22.56 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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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