High Above Average Volume on AAR

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High Above Average Volume on AAR

Published on Friday, 16 December 2011 11:38 Written by TradersHuddle Staff

air New York, December 16th (TradersHuddle.com) - Unusual high volume detected on shares of AAR Corp. (NYSE:AIR), early in the trading session. AAR is currently trading higher by 6.63%, so definitely the buyers stepping in, as the stock's volume is already above average.

AAR Corp. (NYSE:AIR) is a leading provider of diverse products and services to the worldwide commercial aviation and defense industries. The Company purchases, sells, and leases new and used commercial jet aircraft, as well as purchases, sells, and leases a variety of new, overhauled, and repaired engines and engine products for the aviation aftermarket.

AAR has already traded 1.105 times its 3-month average volume, and has calculated support and resistance at $16.43 and $18.48 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 0.97% from its previous trading close, which means that AAR stock is outperforming the overall market.