High Above Average Volume on Beazer Homes

Published on Friday, 17 August 2012 11:38 Written by TradersHuddle Wire

New York, August 17th (TradersHuddle.com) - Unusual high volume detected on shares of Beazer Homes USA, Inc. (NYSE:BZH) early in the trading session. The pace in volume of Beazer Homes is already above average, with buyers stepping in, as the stock is 7.38% higher.

Beazer Homes USA, Inc. (NYSE:BZH) designs, builds, and sells single family homes in the Southeast, Southwest, and South Central regions of the United States. Its homes are designed to appeal to entry-level and first move-up home buyers.

Beazer Homes has already traded 2.87 times its 3-month average volume and has calculated support and resistance at $2.67 and $2.91 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 Beazer Homes stock is outperforming the overall market.