Shares of Ryanair Holdings are Moving Lower on 1.2x Above-Average Volume (RYAAY)

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(via COMTEX News Network)--

Shares of Ryanair Holdings RYAAY are trading down 1.1% to $27.44 today on above average volume. Approximately 1.1 million shares have traded hands today vs. average 30-day volume of 514,000 shares.

Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of RYAAY to see if this bearish momentum will continue.

SmarTrend currently has shares of Ryanair Holdings in an Downtrend and issued the Downtrend alert on May 23, 2011 at $28.32. The stock has fallen 2% since the Downtrend alert was issued.

In the last five trading sessions, the 50-day MA has fallen 1.09% while the 200-day MA has slid 0.37%.

In the past 52 weeks, shares of Ryanair Holdings have traded between a low of $25.58 and a high of $33.38 and are now at $27.46, which is 7% above that low price.

Write to Chip Brian at cbrian@mysmartrend.com

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Posted In: Press ReleasesAirlinesIndustrials
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