High Above Average Volume on Core-Mark

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High Above Average Volume on Core-Mark

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

core New York, February 7th (TradersHuddle.com) - Unusual high volume detected on shares of Core-Mark Holding Company (NASDAQ:CORE), early in the trading session. Core-Mark is currently trading lower by 0.71%, so definitely the sellers in control, as the stock's volume is already above average.

Core-Mark Holding Company (NASDAQ:CORE) is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. The company provides distribution and logistics services as well as marketing programs to retail locations across the United States and Canada through its distribution centers.

Core-Mark has already traded 1.151 times its 3-month average volume, and has calculated support and resistance at $37.01 and $42.34 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 Core-Mark stock is underperforming the overall market.

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