TradersHuddle Scanner - High Volume For Avon

Published on Thursday, 29 July 2010 11:38 Written by Danny Miller

New York, July 29th (TradersHuddle.com) - Unusual high volume detected on shares of Avon Products Inc. (NYSE:AVP), early in the trading session. Avon is currently trading higher by 4.54%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

Avon Products, Inc. (NYSE:AVP) manufactures and direct sells beauty and related products. The Company markets its products to consumers worldwide through independent sales representatives.

Avon has already traded 0.776 times its 3-month average volume, and has calculated support and resistance at $27.86 and $29.39 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 lower by -0.37% from its previous trading close, which means that Avon stock is outperforming the overall market.