TradersHuddle Scanner - High Volume For Brocade | Tech-Corner

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TradersHuddle Scanner - High Volume For Brocade

Published on Tuesday, 22 November 2011 11:38 Written by TradersHuddle Staff

brcd New York, November 22nd (TradersHuddle.com) - Unusual high volume detected on shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), early in the trading session. Brocade is currently trading higher by 10.49%, so definitely the buyers stepping in, as the stock's volume is already above average.

Brocade Communications Systems, Inc. (NASDAQ:BRCD) provides switching solutions for storage area networks. Its family of SilkWorm switches enables a company to manage growth of its data storage requirements, improve the data transfer performance, and increase the size of its storage area networks.

Brocade has already traded 1.221 times its 3-month average volume, and has calculated support and resistance at $4.35 and $5.00 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 lower by -0.74% from its previous trading close, which means that Brocade stock is outperforming the overall market.

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