New York, October 6th (TradersHuddle.com) - Unusual high volume of shares are detected is Dresser-Rand Group, Inc. (NYSE: DRC), early in the trading session. Dresser-Rand is Currently trading lower by 0.03%, so definitely the sellers in control, as the stock's volume is Already Above average.
Dresser-Rand Group, Inc. (NYSE: DRC) Manufactures equipment for the Oil and Natural Gas Industries. The Company Manufactures Oil and Gas Production, high-pressure field injection, pipeline, refinery, natural gas processing, petrochemical, chemical and Production Equipment. Its Products are custom-engineered Rotating Equipment Solutions for long-life, critical applications in the Oil, Gas, Petrochemical and Process Industries, Products These include, centrifugal and reciprocating gas compressors, gas and steam turbines, gas expanders and Associated Control Panels.
Dresser-Rand has Already Traded 1088 times ITS 3-month average volume, and has calculated support and resistance at $ 36.41 and $ 39.16 respectively. Traders like to use volume as Their Lie Detector for price action moves through predefined trading ranges.
Overall the market index S & P 500 is trading lower by -0.12% from the ITS previous trading close, Which MEANS That Dresser-Rand stock is outperforming the Overall Market.
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