Boots & Coots WEL is one of yesterday's best performing stocks, up 0.3% to $2.95 on 3x above average volume. Approximately 2.4 million shares have traded hands yesterday vs. 30-day average volume of 598,000 shares.
Sharp increases in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of WEL to see if this bullish momentum will endure.
Boots & Coots is in SmarTrend's Oil & Gas- Equipment and Services industry and this industry is currently in an Uptrend. An industry trend that matches the stock's trend helps to add conviction to the stock's Uptrend and price prediction.
SmarTrend is bullish on shares of Boots & Coots and our subscribers were alerted to buy on January 04, 2010 at $1.66. The stock has risen 77.7% since the alert was issued.
Write to Chip Brian at cbrian@tradethetrend.com
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