Buyers Accumulating Shares of Vectren on 1.1x Above-Average Volume (VVC)
Shares of Vectren (NYSE: VVC) are trading up 1.7% to $24.95 today on above average volume. Approximately 321,000 shares have traded hands today vs. average 30-day volume of 282,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of VVC to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Vectren and our subscribers were alerted to buy on July 12, 2010 at $24.26. The stock has risen 2.8% since the alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
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