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Focus Stocks

tlab New York, December 11th ( - Unusual high volume detected on shares of Tellabs, Inc. (NASDAQ:TLAB) early in the trading session. The pace in volume of Tellabs is already above average, with buyers stepping in, as the stock is 1.63% higher.

Tellabs, Inc. (NASDAQ:TLAB) designs, manufactures, sells, and services voice, data, and video transport and network access systems. The Company's products are used worldwide by public telephone companies, long-distance carriers, alternate service providers, cellular service providers, cable operators.

Tellabs has already traded 2.084 times its 3-month average volume and has calculated support and resistance at $2.70 and $3.63 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 higher by 1.02% from its previous trading close, which means that Tellabs stock is outperforming the overall market.

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o Dow Jones 16,860.98 ▲70.79 (0.42%)
o S&P 500 1,989.56 ▲9.64 (0.49%)
o NASDAQ 4,776.99 ▲28.63 (0.60%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:16,860.98 Trade time:3:23PM EDT Value change:▲70.79 (0.42%)

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Company ID [INDEXSP:.INX] Last trade:1,989.56 Trade time:3:23PM EDT Value change:▲9.64 (0.49%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,776.99 Trade time:3:23PM EDT Value change:▲28.63 (0.60%)

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