http://www.tradershuddle.com/2010051419147/Stocks/HSBC-Above-Average-Volume.html
New York, May 14th (TradersHuddle.com) - Unusual high volume detected on shares of HSBC Holdings plc (NYSE:HBC), early in the trading session. HSBC is currently trading lower by 2.53%, so definitely the sellers in control, as the stock's volume is already above average.
HSBC Holdings plc (NYSE:HBC), through its subsidiaries, provides a variety of international banking and financial services, including retail and corporate banking, trade, trusteeship, securities, custody, capital markets, treasury, private and investment banking, and insurance.
HSBC has already traded 1.085 times its 3-month average volume, and has calculated support and resistance at $43.25 and $50.42 respectively. Traders like to use volume as their lie detector for price action moves through predefined trading ranges.
The overall market index S&P 500 is trading lower by -2.36% from its previous trading close, which means that HSBC stock is underperforming the overall market.
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