Trade Alert - Aeropostale High Volume

Published on Thursday, 08 July 2010 11:41 Written by Christian Paolinetti

New York, July 8th (TradersHuddle.com) - Unusual high volume detected on shares of Aeropostale, Inc. (NYSE:ARO), early in the trading session. Aeropostale is currently trading lower by 4.32%, so definitely the sellers in control, as the stock's volume is on pace to break its average.

Aeropostale?s (NYSE:ARO) principal activity is to retail casual apparel and accessories for both young women and young men aged eleven to twenty. The company offers a focused collection of fashion basic apparel, graphic t-shirts, tops, bottoms, sweaters, jeans, outerwear and accessories. It also provides customers with a focused selection of active-oriented, fashion basic merchandise at compelling values. Trademarks include AEROPOSTALE and AERO. The company has operations in Alabama, Arkansas, Colorado, Georgia, Indiana, Iowa and other states.

Aeropostale has already traded 0.848 times its 3-month average volume, and has calculated support and resistance at $28.49 and $31.12 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.

The overall market index S&P 500 is trading higher by 0.3% from its previous trading close, which means that Aeropostale stock is underperforming the overall market.