TradersHuddle Scanner - High Volume For Kinross Gold

Published on Friday, 03 September 2010 11:45 Written by Christopher Lynn

New York, September 3rd (TradersHuddle.com) - Unusual high volume detected on shares of Kinross Gold Corporation (NYSE:KGC), early in the trading session. Kinross Gold is currently trading higher by 1%, so definitely the buyers stepping in, as the stock's volume is already above average.

Kinross Gold Corporation (NYSE:KGC) is involved in the exploration, development, and production of gold in countries located around the world. The company is the fourth largest primary gold producer in North America by reserves.

Kinross Gold has already traded 1.016 times its 3-month average volume, and has calculated support and resistance at $14.84 and $17.30 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 0.72% from its previous trading close, which means that Kinross Gold stock is outperforming the overall market.