USG (USG) NewsBite - Trading With Unusual Volume

Posted on Friday, October 10, 2008 3:00 PM

USG (USG) appears to be trading at a higher than usual volume today and is now at $18.87, up $0.06 (0.32%) on volume of 2,974,514 shares traded. For the last 30 days USG has traded 1,327,787 shares on average each day. So far today's volume is 124.02% above that average volume. Over the last 52 weeks the stock has ranged from a low of $18.33 to a high of $40.25. USG stock has been showing support around $17.28 and resistance in the $20.90 range. Technical indicators for the stock are bearish and S&P gives USG a negative 1 STARS (out of 5) strong sell ranking. If you are looking for a hedged play on USG the stock seems like it could be a candidate for a May covered call above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Stocks To Watch Today: GE, XTO, TM, GM, KEY, APC, NUE, JCP, DE, CAM, KLAC, NOC (Click Symbol For Latest News)

Enter your email address below and Click on the [Sign Up] button to receive our exclusive daily Morning Market Update plus a FREE password for access to the news, insight and intelligence that can make a difference in the way you invest.

eMail Address:

del.icio.us

Portions of this content may be copywritten by Fresh Brewed Media, Wall Street Secrets Plus, Investors Observer, VHS, LLC., and RealTimeTraders.com. SmartReadMX and related technologies are covered by US Patent Office # 60/631,747.