Sun Microsystems (JAVA) NewsBite - Trading With Unusual Volume

Posted: Tuesday, July 14, 2009 2:36 PM EDT

Sun Microsystems (JAVA) appears to be trading at a higher than usual volume today and is now at $9.18, up $0.02 (0.22%) on volume of 17,770,360 shares traded. For the last 30 days JAVA has traded 13,149,427 shares on average each day. So far today's volume is 35.14% above that average volume. Over the last 52 weeks the stock has ranged from a low of $2.60 to a high of $10.94. Sun Microsystems stock has been showing support around $9.09 and resistance in the $9.21 range. Technical indicators for the stock are neutral and S&P gives JAVA a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for JAVA. [ABR-Seven Summits Strategic Investments NewsBite]

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