TradersHuddle Scanner - High Volume For Diebold

Published on Wednesday, 04 January 2012 11:38 Written by TradersHuddle Staff

New York, January 4th (TradersHuddle.com) - Unusual high volume detected on shares of Diebold, Incorporated (NYSE:DBD), early in the trading session. Diebold is currently trading lower by 1.37%, so definitely the sellers in control, as the stock's volume is already above average.

Diebold, Incorporated (NYSE:DBD) provides integrated self-service delivery systems and services on a worldwide basis. The Company serves the financial, security, election systems, retail, card systems, and pharmacy industries. Diebold provides products such as automated teller machines, alarm monitoring systems, monitoring software, card-based systems, and election systems.

Diebold has already traded 2.306 times its 3-month average volume, and has calculated support and resistance at $28.18 and $29.92 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 -0.4% from its previous trading close, which means that Diebold stock is underperforming the overall market.