Volume spike detected as Thomson Reuters shares move higher

The New York shares traded up 1.79 per cent to $37.43 on above average volume of 943,314 compared with average 30-day volume of 357,000 shares. Spikes in volume can validate a breakout or signify a potential turning point, SmarTrend said, adding it will continue to monitor TRI to see if this bullish momentum continues.

In Toronto, Thomson Reuters closed at C$38.66, some 75 cents or 1.98 per cent higher.

SmarTrend is bullish on Thomson Reuters and on 10 June alerted its subscribers to buy at $36.33, since when the stock has risen more than three per cent. ■