AgFeed Industries (FEED) Trading With Unusual Volume

Posted: Tuesday, November 24, 2009 11:28 AM EDT
By: Market Intelligence Center Staff

AgFeed Industries (FEED) appears to be trading at a higher than usual volume today and is now at $5.30, up $0.42 (8.6%) on volume of 5,341,884 shares traded. For the last 30 days FEED has traded 1,110,013 shares on average each day. So far today's volume is 381.25% above that average volume. Over the last 52 weeks the stock has ranged from a low of $.90 to a high of $7.96. AgFeed Industries stock has been showing support around $4.19 and resistance in the $5.49 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for FEED. If you are looking for a hedged play on FEED the stock seems like it could be a candidate for a February covered call above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]