Patriot Coal Above Average Volume

Published on Thursday, 05 July 2012 11:38 Written by TradersHuddle Wire

pcx New York, July 5th (TradersHuddle.com) - Unusual high volume detected on shares of Patriot Coal Corporation (NYSE:PCX) early in the trading session. The pace in volume of Patriot Coal is already above average, with buyers stepping in, as the stock is 28.26% higher.

Patriot Coal Corporation (NYSE:PCX) is a coal mining company that operates in Central and Northern Appalachia and the Illinois Basin.

Patriot Coal has already traded 1.738 times its 3-month average volume and has calculated support and resistance at $1.02 and $1.45 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 -0.23% from its previous trading close, which means that Patriot Coal stock is outperforming the overall market.

Note - Automated Content Created By TradersHuddle's Technical Scanner

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