TradersHuddle Scanner - High Volume For CNH Global

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 CNH Global N.V. (NYSE:CNX), early in the trading session. CNH Global is currently trading lower by 0.28%, so definitely the sellers in control, as the stock's volume is already above average.

CNH Global N.V. (NYSE:CNX) designs, manufactures, and distributes a full line of agricultural and construction equipment. The Company is based in Amsterdam, the Netherlands, and also provides equipment financing services. Its products in the agricultural segment are sold under the Case I, New Holland, and Steyr brand, meanwhile on its construction segment products are sold under the Case, New Holland, and Kobelco brands.

CNH Global has already traded 1.127 times its 3-month average volume, and has calculated support and resistance at $41.11 and $47.74 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 0.13% from its previous trading close, which means that CNH Global stock is underperforming the overall market.