Frontier Communications - Above Average Volume Detected

Published on Friday, 30 December 2011 11:38 Written by TradersHuddle Staff

New York, December 30th (TradersHuddle.com) - Unusual high volume detected on shares of Frontier Communications Corporation (NYSE:FTR), early in the trading session. Frontier Communications is currently trading higher by 7.37%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

Frontier Communications Corporation (NYSE:FTR) provides communications services to rural areas and small and medium-sized towns and cities. The Connecticut based company offers a variety of voice, data, Internet, and television services.

Frontier Communications has already traded 0.802 times its 3-month average volume, and has calculated support and resistance at $5.22 and $5.85 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 0.02% from its previous trading close, which means that Frontier Communications stock is outperforming the overall market.