Collective Brands Lower With High Volume

Published on Thursday, 02 September 2010 11:42 Written by Christian Paolinetti

New York, September 2nd (TradersHuddle.com) - Unusual high volume detected on shares of Collective Brands, Inc. (NYSE:PSS), early in the trading session. Collective Brands is currently trading lower by 5.01%, so definitely the sellers in control, as the stock's volume is already above average.

Collective Brands, Inc. (NYSE:PSS) retails footwear and related accessories. The Company, through its various retail stores, offers a wide range of branded footwear products. Some of its brands include Stride Rite, Sperry Top-Sider, Saucony, and Keds.

Collective Brands has already traded 1.382 times its 3-month average volume, and has calculated support and resistance at $12.92 and $15.09 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 Collective Brands stock is underperforming the overall market.