Trade Alert - Aetna High Volume

Published on Thursday, 02 February 2012 11:38 Written by Danny Miller

New York, February 2nd (TradersHuddle.com) - Unusual high volume detected on shares of Aetna, Inc. (NYSE:AET), early in the trading session. Aetna is currently trading higher by 3.14%, so definitely the buyers stepping in, as the stock's volume is already above average.

Aetna Inc. (NYSE:AET) operates as a diversified health care benefits company that provides healthcare and related benefits. The Company offers medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans.

Aetna has already traded 1.584 times its 3-month average volume, and has calculated support and resistance at $41.05 and $44.74 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 higher by 0.23% from its previous trading close, which means that Aetna stock is outperforming the overall market.