TradersHuddle Scanner - High Volume For NVIDIA

Published on Friday, 13 August 2010 11:53 Written by Christopher Lynn

New York, August 13th (TradersHuddle.com) - Unusual high volume detected on shares of NVIDIA Corporation (NASDAQ:NVDA), early in the trading session. NVIDIA is currently trading higher by 4.12%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

NVIDIA Corporation (NASDAQ:NVDA) designs, develops, and markets three dimensional graphics processors and related software. Its products provide interactive 3D graphics to the mainstream personal computer market.

NVIDIA has already traded 0.963 times its 3-month average volume, and has calculated support and resistance at $8.87 and $9.66 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 -0.24% from its previous trading close, which means that NVIDIA stock is outperforming the overall market.