New York, April 8th (TradersHuddle.com) – Unusual high volume detected on shares of Yamana Gold Inc. (NYSE:AUY), early in the trading session. Yamana Gold is currently trading higher by 2.64%, so definitely the buyers stepping in, as the stock’s volume is on pace to break its average.
Yamana Gold Inc. (NYSE:AUY) is an intermediate gold producer with production, development stage, and exploration properties throughout Brazil. The Canada based company also holds gold exploration properties in Argentina.
Yamana Gold has already traded 0.792 times its 3-month average volume, and has calculated support and resistance at $12.05 and $13.21 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 lower by -0.05% from its previous trading close, which means that Yamana Gold stock is outperforming the overall market.
