ING Group (ING) NewsBite - Trading With Unusual Volume

Posted: Wednesday, November 04, 2009 2:30 PM EDT

ING Group (ING) appears to be trading at a higher than usual volume today and is now at $13.48, up $0.38 (2.9%) on volume of 8,305,489 shares traded. For the last 30 days ING has traded 2,754,097 shares on average each day. So far today's volume is 201.57% above that average volume. Over the last 52 weeks the stock has ranged from a low of $3.02 to a high of $18.89. ING Group stock has been showing support around $12.42 and resistance in the $13.54 range. Technical indicators for the stock are neutral and S&P gives ING a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ING the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (ING)