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Trade Alert - Frontier Communications High Volume
Published on Friday, 27 January 2012 11:38 Written by Christopher Lynn
New York, January 27th (TradersHuddle.com) - Unusual high volume detected on shares of Frontier Communications Corporation (NYSE:FTR), early in the trading session. Frontier Communications is currently trading lower by 6.71%, so definitely the sellers in control, as the stock's volume is already above average.
Frontier Communications Corporation (NYSE:FTR) provides communications services to rural areas and small and medium-sized towns and cities. The Connecticut based company offers a variety of voice, data, Internet, and television services.
Frontier Communications has already traded 1.868 times its 3-month average volume, and has calculated support and resistance at $5.22 and $5.85 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 flat by 0% from its previous trading close, which means that Frontier Communications stock is underperforming the overall market.
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Related Partner Headlines
- Frontier Communications Corp Class B (FTR): Today's Featured Telecommunications Winner - TheStreet.com
- Frontier Communications Announces Offering of $500M of Senior Notes due 2021 - Benzinga
- UPDATE: Bank of America Lowers Frontier Communications' PT - Benzinga
- FTR Bagholders: Take a Lesson From RIM - TheStreet.com
- Frontier Communications Corp Class B Stock Hits New 52-Week Low (FTR) - TheStreet.com
- 2 Dividend Stocks to Buy, 1 to Avoid - TheStreet.com
- Frontier Communications Corp Class B Stock To Go Ex-dividend Tomorrow (FTR) - TheStreet.com
- UPDATE: Hudson Square Downgrades Frontier to Hold - Benzinga
- UPDATE: Bank of America Lowers Price Target on Frontier Communications to $4 - Benzinga
- Gabelli: Frontier Reports Strong 4Q Results - Benzinga
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