DW8 Growth, page-9274

Looks like a big shake down to around $100M MC. Higher than average volume today. Seems like selling to drop it lower while also buying.

Here's what Nabtrade thinks.

Consolidation Within Bullish Trend

DW8 appears to be consolidating within a longer-term uptrend. The Average Directional Index, or ADX, is below 20, indicating that shares have traded sideways recently. However, the 200-day is still sloping bullishly upwards.

Strong Bearish Momentum

Momentum for DW8 is strongly bearish. The 14-period Slow Stochastic oscillator is below 20, the level which many analysts call oversold. This means that investors have been actively selling shares and driving the price lower.

Above Average Volume

Today's volume is on track to be heavier than usual, with 7.1M shares having traded so far. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.

Recent High Volatility Signals Potential Pause in Trend

Bollinger Bands^® use standard deviation of the closing price around a moving average to measure volatility. The Bollinger Bands^® are presently wider than usual, as a result of greater than normal volatility that accompanied the recent price move. Events such as this may precede a pause or reversal in the near term trend.