Trade Alert - DTE Energy High Volume

Published on Monday, 20 August 2012 11:38 Written by TradersHuddle Wire

New York, August 20th (TradersHuddle.com) - Unusual high volume detected on shares of DTE Energy Company (NYSE:DTE) early in the trading session. The pace in volume of DTE Energy points to a break above average, with buyers stepping in, as the stock is 0.23% higher.

DTE Energy Company (NYSE:DTE), a diversified energy company, develops and manages energy-related businesses and services nationwide. The Company, through its subsidiaries, generates, purchases, transmits, distributes, and sells electric energy in southeastern Michigan. DTE is also involved in gas pipelines and storage, unconventional gas exploration, development, and production.

DTE Energy has already traded 0.97 times its 3-month average volume and has calculated support and resistance at $49.06 and $62.56 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 DTE Energy stock is outperforming the overall market.