Buyers Stepping In - Burger King | Tech-Corner

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Buyers Stepping In - Burger King

Published on Wednesday, 01 September 2010 11:49 Written by TradersHuddle Staff

bkc New York, September 1st (TradersHuddle.com) - Unusual high volume detected on shares of Burger King Holdings Inc. (NYSE:BKC), early in the trading session. Burger King is currently trading higher by 11.49%, so definitely the buyers stepping in, as the stock's volume is already above average.

Burger King Holdings Inc. (NYSE:BKC), through its subsidiary, develops, operates, franchises, and services a worldwide chain of fast-food hamburger restaurants.

Burger King has already traded 6.352 times its 3-month average volume, and has calculated support and resistance at $16.31 and $17.59 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 Burger King stock is outperforming the overall market.

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