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Trade Alert - Harsco High Volume

Published on Thursday, 29 July 2010 11:50 Written by TradersHuddle Staff

hsc New York, July 29th (TradersHuddle.com) - Unusual high volume detected on shares of Harsco Corporation (NYSE:HSC), early in the trading session. Harsco is currently trading lower by 16.46%, so definitely the sellers in control, as the stock's volume is already above average.

Harsco Corporation (NYSE:HSC) is an industrial services and engineered products company. The Company offers industrial mill services, gas control, and containment products, scaffolding services, and railway maintenance.

Harsco has already traded 1.885 times its 3-month average volume, and has calculated support and resistance at $22.94 and $26.89 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 Harsco stock is underperforming the overall market.

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