TradersHuddle Scanner - High Volume For Dick's

Published on Thursday, 12 January 2012 11:38 Written by Danny Miller

New York, January 12th (TradersHuddle.com) - Unusual high volume detected on shares of Dick's Sporting Goods, Inc. (NYSE:DKS), early in the trading session. Dick's is currently trading higher by 9.23%, so definitely the buyers stepping in, as the stock's volume is already above average.

Dick's Sporting Goods, Inc. (NYSE:DKS) is a sporting goods retailer that operates stores primarily in the eastern and central United States. The Company's stores offer a broad selection of brand name sporting goods equipment, apparel, and footwear.

Dick's has already traded 2.111 times its 3-month average volume, and has calculated support and resistance at $34.42 and $36.92 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 -0.29% from its previous trading close, which means that Dick's stock is outperforming the overall market.