Jarden - Above Average Volume Detected

Published on Tuesday, 24 January 2012 11:38 Written by Christopher Lynn

New York, January 24th (TradersHuddle.com) - Unusual high volume detected on shares of Jarden Corporation (NYSE:JAH), early in the trading session. Jarden is currently trading higher by 7.49%, so definitely the buyers stepping in, as the stock's volume is already above average.

Jarden Corporation (NYSE:JAH) provides a broad range of consumer products. Its product segments include Outdoor Solutions, Consumer Solutions and Branded Consumables. Jarden sells products through a variety of brands, like First Alert, Coleman, Oster, Sunbeam, Food Saver, and Marmot using several distribution channels, including club, department store, drug, grocery, mass merchant, sporting goods and specialty retailers, as well as direct to consumers.

Jarden has already traded 2.302 times its 3-month average volume, and has calculated support and resistance at $28.80 and $31.88 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 -0.18% from its previous trading close, which means that Jarden stock is outperforming the overall market.