Volume Spike Detected in Shares of Pengrowth Energy Trust as They Move Higher on 1.2x Above-Average Volume (PGH)
Shares of Pengrowth Energy Trust (NYSE: PGH) are trading up 1% to $10.02 today on above average volume. Approximately 838,000 shares have traded hands today vs. average 30-day volume of 722,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of PGH to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Pengrowth Energy Trust and our subscribers were alerted to buy on May 07, 2010 at $9.88. The stock has risen 1.4% since the alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
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