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Trade Alert - Airgas High Volume

Published on Thursday, 02 February 2012 11:38 Written by TradersHuddle Staff

arg New York, February 2nd (TradersHuddle.com) - Unusual high volume detected on shares of Airgas, Inc. (NYSE:ARG), early in the trading session. Airgas is currently trading higher by 0.13%, so definitely the buyers stepping in, as the stock's volume is on pace to break its average.

Airgas, Inc. (NYSE:ARG) distributes industrial, medical, and specialty gases and related equipment. The Company also produces and distributes liquid carbon dioxide and dry ice.

Airgas has already traded 0.831 times its 3-month average volume, and has calculated support and resistance at $69.51 and $80.59 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 Airgas stock is underperforming the overall market.

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