Trade Alert - FLIR Systems High Volume

Published on Tuesday, 17 July 2012 11:38 Written by TradersHuddle Wire

New York, July 17th (TradersHuddle.com) - Unusual high volume detected on shares of FLIR Systems, Inc. (NASDAQ:FLIR) early in the trading session. The pace in volume of FLIR Systems points to a break above average, with sellers in control, as the stock is 1.55% lower.

FLIR Systems, Inc. (NASDAQ:FLIR) designs, manufactures, and markets thermal imaging and broadcast camera systems for a variety of applications in the commercial and government markets.

FLIR Systems has already traded 0.848 times its 3-month average volume and has calculated support and resistance at $18.49 and $19.90 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 FLIR Systems stock is underperforming the overall market.