High Above Average Volume on Colfax

Hewlett Packard (HPQ)

Dell (DELL)

Facebook (FB)

Apple (AAPL)

Goldman Sachs (GS)

Fred's First Quarter 2012 EPS Increase 17%

Newell Rubbermaid to Reaffirm Fiscal Year 2012 Outlook

Best ETFs For Facebook Exposure

McDonald's Announces Quarterly Cash Dividend

Is KB HOME Closing in to Resistance?

High Above Average Volume on Colfax

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

cfx New York, February 7th (TradersHuddle.com) - Unusual high volume detected on shares of Colfax Corporation (NYSE:CFX), early in the trading session. Colfax is currently trading higher by 0.66%, so definitely the buyers stepping in, as the stock's volume is already above average.

Colfax Corporation (NYSE:CFX) makes a broad range of fluid handling products, including pumps, fluid handling systems and specialty valves. The Company specializes in rotary positive displacement pumps, which include screw pumps, gear pumps and progressive cavity pumps.

Colfax has already traded 2.437 times its 3-month average volume, and has calculated support and resistance at $29.68 and $34.12 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 Colfax stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

From Earlier: Colfax Corporation Announces Pricing of 8M Share Offering at $34 - Benzinga
Colfax Stock Hits New 52-Week High (CFX) - TheStreet.com
UPDATE: Colfax Reports Downbeat Q4 Results - Benzinga
Bank of America Upgrades Colfax to Buy - Benzinga
5 Stocks Insiders Are Loading Up On - TheStreet.com
Insiders Trading CFX, MSFT, PCYC, HELE - TheStreet.com
Colfax Stock Hits New 52-Week High (CFX) - TheStreet.com
Colfax Rises On Unusually High Volume (CFX) - TheStreet.com
Colfax Corporation (CFX): Today's Featured Industrial Winner - TheStreet.com
6 Stocks Rising on Unusual Volume - TheStreet.com

JIM CRAMER wants to work for YOU. JIM does the research -- YOU get email alerts each time he trades. JIM provides access to his actual portfolio -- YOU can use it to guide your portfolio strategy. Try Jim's Action Alerts PLUS for FREE!