Buyers Stepping In - Kimberly-Clark

Published on Tuesday, 31 July 2012 11:38 Written by TradersHuddle Wire

New York, July 31st (TradersHuddle.com) - Unusual high volume detected on shares of Kimberly-Clark Corporation (NYSE:KMB) early in the trading session. The pace in volume of Kimberly-Clark points to a break above average, with buyers stepping in, as the stock is 0.7% higher.

Kimberly-Clark Corporation (NYSE:KMB) is a global health and hygiene consumer products company. Its products include diapers, tissues, paper towels, incontinence care products, surgical gowns, and disposable face masks. Kimberly-Clark sells its product using many brands, including Huggies, Pull Ups, Kleenex, and Cottonelle.

Kimberly-Clark has already traded 0.92 times its 3-month average volume and has calculated support and resistance at $70.50 and $86.26 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 0.1% from its previous trading close, which means that Kimberly-Clark stock is outperforming the overall market.