TradersHuddle Scanner - High Volume For MBIA | Tech-Corner

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TradersHuddle Scanner - High Volume For MBIA

Published on Tuesday, 13 December 2011 11:38 Written by Christian Paolinetti

mbi New York, December 13th (TradersHuddle.com) - Unusual high volume detected on shares of MBIA Inc. (NYSE:MBI), early in the trading session. MBIA is currently trading higher by 2.19%, so definitely the buyers stepping in, as the stock's volume is already above average.

MBIA Inc. (NYSE:MBI) provides financial guarantee insurance and other forms of credit protection. The Company also offers investment management services to public finance and structured finance issuers, investors and capital market participants.

MBIA has already traded 2.286 times its 3-month average volume, and has calculated support and resistance at $7.10 and $11.35 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 0.31% from its previous trading close, which means that MBIA stock is outperforming the overall market.

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