Technical Analysis: Shares of Calumet Specialty Products traded relatively unchanged yesterday
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Shares of Calumet Specialty Products (NASDAQ:CLMT) traded relatively unchanged yesterday, closing at $18.96. The stock has been drifting lower over the past nine trading days and is currently trading in a technical downtrend. The call volume yesterday was 29567 contracts, which is 20x the average daily volume of 1498. Usually high call volume is an indicator that many investors are looking for hig…