Brunswick Higher With High Volume

Published on Thursday, 29 July 2010 11:50 Written by Danny Miller

New York, July 29th (TradersHuddle.com) - Unusual high volume detected on shares of Brunswick Corporation (NYSE:BC), early in the trading session. Brunswick is currently trading higher by 9.62%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

Brunswick Corporation (NYSE:BC) manufactures consumer products serving both the outdoor and indoor active recreation markets. Its products include sterndrives, outboard and inboard marine engines, fitness, billiards, bowling equipment. Brunswick also manufactures pleasure, fishing, and high performance boats. The company sells its products through brands such as Brunswick, Mercury, Life Fitness, Hatteras, and Cabo Yacht.

Brunswick has already traded 0.982 times its 3-month average volume, and has calculated support and resistance at $12.02 and $15.1 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 Brunswick stock is outperforming the overall market.