LSI Above Average Volume
Published on Monday, 10 September 2012 11:38 Written by TradersHuddle Wire
New York, September 10th (TradersHuddle.com) - Unusual high volume detected on shares of LSI Corporation (NYSE:LSI) early in the trading session. The pace in volume of LSI is already above average, with sellers in control, as the stock is 2.36% lower.
LSI Corporation (NYSE:LSI) develops, manufactures, and markets integrated circuits and storage systems. The Company offers products and services for a variety of electronic systems applications that are marketed to original equipment manufacturers in the networking, telecommunications and wireless, computers, consumer products, and storage industries.
LSI has already traded 1.114 times its 3-month average volume and has calculated support and resistance at $7.45 and $8.10 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 -0.02% from its previous trading close, which means that LSI stock is underperforming the overall market.
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