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TMCNet: Steelcase Falling Today on Above-Average Volume (SCS)

[March 23, 2012]

Steelcase Falling Today on Above-Average Volume (SCS)

Mar 23, 2012 (SmarTrend(R) News Watch via COMTEX) -- Steelcase shares are trading on heavy volume today, having fallen 2.8% to $9.03. Approximately 764,000 shares have changed hands today vs. average 30-day volume of 437,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.


SmarTrend is tracking the current trend status for Steelcase and will alert subscribers who have SCS in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Steelcase share prices have been bracketed by a low of $5.40 and a high of $12.12 and are now at $8.76, 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.2%.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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