Open Text Trading Higher on 1x Above-Average Volume (OTEX)
Shares of Open Text (NASDAQ: OTEX) are trading up 1.7% to $45.58 today on above average volume. Approximately 458,000 shares have traded hands today vs. average 30-day volume of 444,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of OTEX to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Open Text and our subscribers were alerted to buy on August 27, 2010 at $43.97. The stock has risen 3.7% since the alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
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