Del Monte Foods High Volume Day?

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Del Monte Foods High Volume Day?

Published on Thursday, 02 September 2010 11:43 Written by TradersHuddle Staff

dlm New York, September 2nd (TradersHuddle.com) - Unusual high volume detected on shares of Del Monte Foods Company (NYSE:DLM), early in the trading session. Del Monte Foods is currently trading lower by 0.3%, so definitely the sellers in control, as the stock's volume is on pace to break its average.

Del Monte Foods Company (NYSE:DLM) produces, distributes, and markets branded and private label food and pet products. The company offers its products under several brands including Del Monte, StarKist, and Milk-Bone.

Del Monte Foods has already traded 0.883 times its 3-month average volume, and has calculated support and resistance at $12.76 and $13.50 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 0.3% from its previous trading close, which means that Del Monte Foods stock is underperforming the overall market.

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