Buyers Stepping In - QIAGEN

Published on Wednesday, 04 January 2012 11:38 Written by Christopher Lynn

New York, January 4th (TradersHuddle.com) - Unusual high volume detected on shares of QIAGEN N.V. (NASDAQ:QGEN), early in the trading session. QIAGEN is currently trading higher by 2.33%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

QIAGEN N.V. (NASDAQ:QGEN) provides sample and assay technologies. Its technologies are used to process biological samples and to analyze DNA and RNA. QIAGEN provides these technologies to customers conducting molecular diagnostics, applied testing, pharmaceutical R&D and academic research.

QIAGEN has already traded 0.848 times its 3-month average volume, and has calculated support and resistance at $13.20 and $15.09 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 QIAGEN stock is outperforming the overall market.