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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 17,719.92 ▼78.57 (-0.44%)
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Company ID [INDEXDJX:.DJI] Last trade:17,719.92 Trade time:4:34PM EST Value change:▼78.57 (-0.44%)

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Company ID [INDEXSP:.INX] Last trade:2,080.41 Trade time:4:34PM EST Value change:▼9.70 (-0.46%)


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