TradersHuddle Scanner - High Volume For Jones Apparel

Published on Monday, 09 January 2012 11:38 Written by TradersHuddle Staff

New York, January 9th (TradersHuddle.com) - Unusual high volume detected on shares of Jones Apparel Group, Inc. (NYSE:JNY), early in the trading session. Jones Apparel is currently trading lower by 3.44%, so definitely the sellers in control, as the stock's volume is on pace to break its average.

Jones Apparel Group, Inc. (NYSE:JNY) designs, markets, and wholesales a variety of branded apparel, footwear, and accessories including sportswear, jeanswear, suits, dresses, and footwear under such brands like Nine West, Easy Spirit, Jones New York, Anne Klein, and Evan-Picone. The Company also markets directly to consumers through a chain of specialty retail and value-based stores.

Jones Apparel has already traded 0.859 times its 3-month average volume, and has calculated support and resistance at $9.25 and $10.95 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 -0.17% from its previous trading close, which means that Jones Apparel stock is underperforming the overall market.