TradersHuddle Scanner - High Volume For PolyOne

Published on Monday, 14 May 2012 11:38 Written by TradersHuddle Wire

New York, May 14th (TradersHuddle.com) - Unusual high volume detected on shares of PolyOne Corporation (NYSE:POL) early in the trading session. The pace in volume of PolyOne is already above average, with buyers stepping in, as the stock is 0.72% higher.

PolyOne Corporation (NYSE:POL) is an international polymer services company with operations in North America, Europe, Asia, Australia, and South America. The Company provides thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, and color and additive systems. PolyOne also conducts operations in rubber compounding and thermoplastic resin distribution.

PolyOne has already traded 1.038 times its 3-month average volume and has calculated support and resistance at $12.97 and $14.14 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 -0.75% from its previous trading close, which means that PolyOne stock is outperforming the overall market.