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Post# of 249562
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Fullmoon

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Fullmoon

Re: None

Wednesday, 08/11/2010 12:24:24 PM

Wednesday, August 11, 2010 12:24:24 PM

Post# of 249562
Trading Lower on Heavy Volume are Shares of Wave Systems on 1x Above-Average Volume (WAVX)
Written on Wed, 08/11/2010 - 11:43amBy Chip Brian
Shares of Wave Systems (NASDAQ:WAVX) are trading down 11.6% to $2.59 today on above average volume. Approximately 421,000 shares have traded hands today vs. average 30-day volume of 207,000 shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of WAVX to see if this bearish momentum will continue.
SmarTrend is bearish on shares of Wave Systems and our subscribers were alerted to sell on May 06, 2010 at $2.98. The stock has fallen 13.1% since the alert was issued.
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