FLIR Systems Higher With High Volume

Published on Thursday, 26 April 2012 11:38 Written by TradersHuddle Wire

flir New York, April 26th (TradersHuddle.com) - Unusual high volume detected on shares of FLIR Systems, Inc. (NASDAQ:FLIR) early in the trading session. The pace in volume of FLIR Systems points to a break above average, with buyers stepping in, as the stock is 0.09% higher.

FLIR Systems, Inc. (NASDAQ:FLIR) designs, manufactures, and markets thermal imaging and broadcast camera systems for a variety of applications in the commercial and government markets.

FLIR Systems has already traded 0.916 times its 3-month average volume and has calculated support and resistance at $23.47 and $26.65 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 higher by 0.13% from its previous trading close, which means that FLIR Systems stock is underperforming the overall market.

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