Rediff.Com Trading Higher on 1.1x Above-Average Volume (REDF)
Shares of Rediff.Com (NASDAQ: REDF) are trading up 10.1% to $5.22 today on above average volume. Approximately 830,000 shares have traded hands today vs. average 30-day volume of 744,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of REDF to see if this bullish momentum will continue.
SmarTrend is bullish on shares of Rediff.Com and our subscribers were alerted to buy on September 02, 2010 at $2.25. The stock has risen 132% since the alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
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