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Shares of Investment Technology Group Are Moving Lower on 1.2x Above-Average Volume (ITG)

Published on Wed, 04/17/2013 - 13:21
By Peter Chu

Shares of Investment Technology Group are trading today in above average volume, with the share price falling 1.3% to $10.09. Approximately 358,000 shares have changed hands today vs. average 30-day volume of 296,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

Investment Technology Group (NYSE:ITG) has potential upside of 9.0% based on a current price of $10.09 and analysts' consensus price target of $11.00. The stock should hit resistance at its 50-day moving average (MA) of $11.55, as well as support at its 200-day MA of $9.43.

Investment Technology Group share prices have moved between a 52-week high of $12.81 and a 52-week low of $7.43 and are now trading 36% above that low price at $10.09 per share. The 200-day and 50-day moving averages have moved 0.28% higher and 0.04% higher over the past week, respectively.

Investment Technology Group, Inc. offers securities trading services. The Company offers pre-trade analysis, trade execution, and post-trade evaluation services.

By Peter Chu
pchu@fnno.com