TradersHuddle Scanner - High Volume For Raymond James

Published on Thursday, 12 January 2012 11:38 Written by TradersHuddle Staff

New York, January 12th (TradersHuddle.com) - Unusual high volume detected on shares of Raymond James Financial, Inc. (NYSE:RJF), early in the trading session. Raymond James is currently trading lower by 5.32%, so definitely the sellers in control, as the stock's volume is on pace to break its average.

Raymond James Financial, Inc. (NYSE:RJF) provides financial services to individuals, corporations, and municipalities through its subsidiary investment firms. The Company operates throughout the United States, Canada and internationally

Raymond James has already traded 0.751 times its 3-month average volume, and has calculated support and resistance at $28.72 and $33.05 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 -0.29% from its previous trading close, which means that Raymond James stock is underperforming the overall market.