FLIR Systems Higher With High Volume

Published on Monday, 30 July 2012 11:38 Written by TradersHuddle Wire

New York, July 30th (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 is already above average, with buyers stepping in, as the stock is 0.36% higher.

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 1.988 times its 3-month average volume and has calculated support and resistance at $18.55 and $19.57 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 flat by 0% from its previous trading close, which means that FLIR Systems stock is outperforming the overall market.