Trade Alert - Frontier Communications High Volume

Published on Wednesday, 13 June 2012 11:38 Written by TradersHuddle Wire

New York, June 13th (TradersHuddle.com) - Unusual high volume detected on shares of Frontier Communications Corporation (NYSE:FTR) early in the trading session. The pace in volume of Frontier Communications points to a break above average, with buyers stepping in, as the stock is 3.67% higher.

Frontier Communications Corporation (NYSE:FTR) provides communications services to rural areas and small and medium-sized towns and cities. The Connecticut based company offers a variety of voice, data, Internet, and television services.

Frontier Communications has already traded 0.791 times its 3-month average volume and has calculated support and resistance at $5.22 and $5.85 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 0.03% from its previous trading close, which means that Frontier Communications stock is outperforming the overall market.