TradersHuddle Scanner - High Volume For Mettler-Toledo

Published on Wednesday, 22 August 2012 11:38 Written by TradersHuddle Wire

New York, August 22nd (TradersHuddle.com) - Unusual high volume detected on shares of Mettler-Toledo International Inc. (NYSE:MTD) early in the trading session. The pace in volume of Mettler-Toledo points to a break above average, with buyers stepping in, as the stock is 1.36% higher.

Mettler-Toledo International Inc. (NYSE:MTD) manufactures weighing instruments for use in laboratory, industrial, and food retailing applications. The Company also supplies several related analytical and measurement technologies.

Mettler-Toledo has already traded 0.853 times its 3-month average volume and has calculated support and resistance at $161.52 and $170.52 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 -0.34% from its previous trading close, which means that Mettler-Toledo stock is outperforming the overall market.