TradersHuddle Scanner - High Volume For Logitech | Tech-Corner

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TradersHuddle Scanner - High Volume For Logitech

Published on Thursday, 29 July 2010 11:38 Written by Christopher Lynn

logi New York, July 29th (TradersHuddle.com) - Unusual high volume detected on shares of Logitech International S.A. (NASDAQ:LOGI), early in the trading session. Logitech is currently trading higher by 4.16%, so definitely the buyers stepping in, as the stock's volume is already above average.

Logitech International S.A. (NASDAQ:LOGI) manufactures personal computer peripheral devices. The Company produces computer mice which help the user move the cursor around the computer, trackballs, game controllers, keyboards, PC video cameras, and multimedia speakers.

Logitech has already traded 1.063 times its 3-month average volume, and has calculated support and resistance at $14.02 and $14.95 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 Logitech stock is outperforming the overall market.