Buyers Stepping In - Jack in the Box | Tech-Corner

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Buyers Stepping In - Jack in the Box

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

jack New York, November 22nd (TradersHuddle.com) - Unusual high volume detected on shares of Jack in the Box Inc. (NASDAQ:JACK), early in the trading session. Jack in the Box is currently trading higher by 2.73%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

Jack in the Box Inc. (NASDAQ:JACK) operates and franchises Jack In the Box fast-food restaurants. Its drive-thru restaurants offer hamburgers, specialty sandwiches, salads, finger foods, and side items.

Jack in the Box has already traded 0.867 times its 3-month average volume, and has calculated support and resistance at $19.90 and $21.08 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 Jack in the Box stock is outperforming the overall market.