MetLife - Above Average Volume Detected

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 MetLife, Inc. (NYSE:MET) early in the trading session. The pace in volume of MetLife points to a break above average, with buyers stepping in, as the stock is 0.92% higher.

MetLife, Inc. (NYSE:MET) provides individual insurance, employee benefits and financial services with operations throughout the United States and the regions of Latin America, Europe, and Asia Pacific. The Company's products include life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals as well as group insurance.

MetLife has already traded 0.971 times its 3-month average volume and has calculated support and resistance at $33.59 and $35.25 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 MetLife stock is outperforming the overall market.