Trade Alert - AAR High Volume

Published on Tuesday, 03 July 2012 11:38 Written by TradersHuddle Wire

New York, July 3rd (TradersHuddle.com) - Unusual high volume detected on shares of AAR Corp. (NYSE:AIR) early in the trading session. The pace in volume of AAR points to a break above average, with sellers in control, as the stock is 2.08% lower.

AAR Corp. (NYSE:AIR) is a leading provider of diverse products and services to the worldwide commercial aviation and defense industries. The Company purchases, sells, and leases new and used commercial jet aircraft, as well as purchases, sells, and leases a variety of new, overhauled, and repaired engines and engine products for the aviation aftermarket.

AAR has already traded 0.862 times its 3-month average volume and has calculated support and resistance at $10.00 and $12.17 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 0.6% from its previous trading close, which means that AAR stock is underperforming the overall market.