High Above Average Volume on Equifax

Published on Tuesday, 12 June 2012 11:38 Written by TradersHuddle Wire

New York, June 12th (TradersHuddle.com) - Unusual high volume detected on shares of Equifax Inc. (NYSE:EFX) early in the trading session. The pace in volume of Equifax is already above average, with sellers in control, as the stock is 1.84% lower.

Equifax Inc. (NYSE:EFX) offers information management, transaction processing, direct marketing, and customer relationship management businesses. The company serves the financial services, retail, credit card, telecommunications/utilities, transportation, information technology and healthcare industries and government.

Equifax has already traded 1.458 times its 3-month average volume and has calculated support and resistance at $43.01 and $47.24 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 0.84% from its previous trading close, which means that Equifax stock is underperforming the overall market.