TradersHuddle Scanner - High Volume For Beazer Homes
Published on Friday, 13 April 2012 11:38 Written by TradersHuddle Wire
New York, April 13th (TradersHuddle.com) - Unusual high volume detected on shares of Beazer Homes USA, Inc. (NYSE:BZH) early in the trading session. The pace in volume of Beazer Homes is already above average, with buyers stepping in, as the stock is 5.57% higher.
Beazer Homes USA, Inc. (NYSE:BZH) designs, builds, and sells single family homes in the Southeast, Southwest, and South Central regions of the United States. Its homes are designed to appeal to entry-level and first move-up home buyers.
Beazer Homes has already traded 1.543 times its 3-month average volume and has calculated support and resistance at $2.63 and $3.78 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.
The overall market index S&P 500 is trading lower by -0.88% from its previous trading close, which means that Beazer Homes stock is outperforming the overall market.
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