Trade Alert - Copa Holdings High Volume

Published on Tuesday, 07 February 2012 11:38 Written by TradersHuddle Wire

New York, February 7th (TradersHuddle.com) - Unusual high volume detected on shares of Copa Holdings SA (NYSE:CPA), early in the trading session. Copa Holdings is currently trading lower by 0.08%, so definitely the sellers in control, as the stock's volume is already above average.

Copa Holdings SA (NYSE:CPA), through its subsidiaries Copa Airlines and Aero Republica, provides international airline passenger and cargo service. The Company provides scheduled flights to countries in North, Central and South America and the Caribbean.

Copa Holdings has already traded 1.036 times its 3-month average volume, and has calculated support and resistance at $57.57 and $72.02 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 0.13% from its previous trading close, which means that Copa Holdings stock is underperforming the overall market.