Sellers and Buyers Even Out - Winn-Dixie Stores

Published on Wednesday, 01 September 2010 11:43 Written by TradersHuddle Staff

New York, September 1st (TradersHuddle.com) - Unusual high volume detected on shares of Winn-Dixie Stores, Inc. (NASDAQ:WINN), early in the trading session. Winn-Dixie Stores is currently trading flat by 0%, so definitely the sellers and buyers even out, as the stock's volume is already above average.

Winn-Dixie Stores, Inc. (NASDAQ:WINN) is a food retailer with stores in the South East. The Jacksonville, Florida based company operates a chain of retail self-service food stores, which sell groceries, meats, seafood, fresh produce, bakery, pharmaceuticals, and general merchandise items.

Winn-Dixie Stores has already traded 2.115 times its 3-month average volume, and has calculated support and resistance at $7.80 and $10.44 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 higher by 2.71% from its previous trading close, which means that Winn-Dixie Stores stock is underperforming the overall market.