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Trading Higher on Heavy Volume are Shares of Korn/Ferry International on 1.3x Above-Average Volume (KFY)

Published on Fri, 02/15/2013 - 14:14
By Mallory Stone

Shares of Korn/Ferry International are trading today in above average volume, with the share price rising 5.7% to $18.97. Approximately 386,000 shares have changed hands today vs. average 30-day volume of 305,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

Korn/Ferry International is an executive search firm with consultants based in offices across various countries. The Company provides its services on a retained basis and serves the recruitment needs of its clients from middle to executive management. Korn/Ferry also offers Futurestep, an Internet-based search service for middle-management positions.

Korn/Ferry International (NYSE:KFY) is currently priced 9.3% above its average consensus analyst price target of $17.20. The stock should discover initial support at its 50-day moving average (MA) of $16.06 and subsequent support at its 200-day MA of $14.62.

In the past 52 weeks, shares of Korn/Ferry International have traded between a low of $12.10 and a high of $19.20 and are now at $18.97, which is 57% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.8%.

By Mallory Stone
mstone@fnno.com