Fushi Copperweld shares are trading on heavy volume today, having risen 0.6% to $9.34. About 640,000 shares have been traded today, as compared to the 30-day average volume of 312,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.
Fushi Copperweld share prices have moved between a 52-week high of $9.50 and a 52-week low of $5.72 and are now trading 63% above that low price at $9.34 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.
Fushi Copperweld (NASDAQ:FSIN) is currently priced 3.6% above its average consensus analyst price target of $9.00. The stock should find initial support at its 50-day moving average (MA) of $9.31 and further support at its 200-day MA of $8.29.
Fushi Copperweld, Inc. manufactures copper-clad aluminum and steel wire. The Company's products are used for network transmission cable, cable TV wire, signal transmission cable, cable TV subscriber lines, distribution lines, local area networks, inner conductor for access networks, telephone subscriber communication lines, patch cords for electronic components, and other uses.