Washington Post High Volume Day?

Published on Monday, 19 July 2010 11:41 Written by Danny Miller

New York, July 19th (TradersHuddle.com) - Unusual high volume detected on shares of Washington Post Company (NYSE:WPO), early in the trading session. Washington Post is currently trading higher by 4.41%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

The Washington Post Company (NYSE:WPO) is a diversified education and media company. Its operations include educational services, both domestically and outside the United States, owning and operating cable television systems, newspaper publishing, television broadcasting, and magazine publishing.

Washington Post has already traded 0.856 times its 3-month average volume, and has calculated support and resistance at $395.74 and $445.04 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 0.2% from its previous trading close, which means that Washington Post stock is outperforming the overall market.