New York, November 15th (TradersHuddle.com) - Unusual high volume detected on shares of Aegean Marine Petroleum Network Inc. (NYSE:ANW), early in the trading session. Aegean Marine is currently trading lower by 8.5%, so definitely the sellers in control, as the stock's volume is already above average.
Aegean Marine Petroleum Network Inc. (NYSE:ANW) is a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. The Company also owns and operates a fleet of bunkering tankers in multiple jurisdictions.
Aegean Marine has already traded 1.297 times its 3-month average volume, and has calculated support and resistance at $9.55 and $17.20 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 higher by 0.29% from its previous trading close, which means that Aegean Marine stock is underperforming the overall market. |
