Johnson Controls High Volume Day?

Published on Friday, 20 January 2012 11:38 Written by Christian Paolinetti

New York, January 20th (TradersHuddle.com) - Unusual high volume detected on shares of Johnson Controls, Inc. (NYSE:JCI), early in the trading session. Johnson Controls is currently trading lower by 3.42%, so definitely the sellers in control, as the stock's volume is on pace to break its average.

Johnson Controls, Inc. (NYSE:JCI) markets automotive systems and building controls. The Company supplies seating systems, interior systems, and batteries. The company also provides building control systems and services, energy management, and integrated facility management,

Johnson Controls has already traded 0.917 times its 3-month average volume, and has calculated support and resistance at $28.32 and $35.95 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 -0.3% from its previous trading close, which means that Johnson Controls stock is underperforming the overall market.