Buyers Stepping In - Janus Capital

Published on Friday, 10 August 2012 11:38 Written by TradersHuddle Wire

New York, August 10th (TradersHuddle.com) - Unusual high volume detected on shares of Janus Capital Group Inc. (NYSE:JNS) early in the trading session. The pace in volume of Janus Capital is already above average, with buyers stepping in, as the stock is 15.6% higher.

Janus Capital Group Inc. (NYSE:JNS) is a global asset management firm offering individual investors and institutional clients asset management services. The Denver, Colorado based company provides investment management, administration, distribution and related services to individual and institutional investors through mutual funds, separate accounts and subadvised relationships.

Janus Capital has already traded 1.123 times its 3-month average volume and has calculated support and resistance at $6.79 and $7.40 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 -0.27% from its previous trading close, which means that Janus Capital stock is outperforming the overall market.