May 14, 2013 (Unusual volume via COMTEX) -- Shares of Valspar are trading today in above average volume, with the share price rising 3.6% to $70.29. Approximately 742,000 shares have changed hands today vs. average 30-day volume of 598,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.
Valspar (NYSE:VAL) is currently priced 1.5% above its average consensus analyst price target of $69.23. The stock should discover initial support at its 50-day moving average (MA) of $63.14 and subsequent support at its 200-day MA of $59.99.
The Valspar Corporation manufactures and distributes coatings, coating intermediates, and specialty chemical products. The Company manufactures products such as wood coatings, metal coatings, composites and glass coatings, polymers, resins, and dispersions products. Valspar distributes its products to customers in North America and other countries around the world.
Valspar share prices have moved between a 52-week high of $70.40 and a 52-week low of $45.29 and are now trading 55% above that low price at $70.29 per share. The 200-day and 50-day moving averages have moved 0.43% higher and 0.57% higher over the past week, respectively.
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