Watson Pharmaceuticals - Above Average Volume Detected

Unusual high volume detected on shares of Watson Pharmaceuticals Inc. (NYSE:WPI), early in the trading session. Watson Pharmaceuticals is currently trading lower by 3.05%, so definitely the sellers in control, as the stock's volume is already above average.

Watson Pharmaceuticals, Inc. (NYSE:WPI) develops, manufactures, and sells generic and brand name pharmaceutical products. The Company's core focus is specialty products, nephrology, urology, and generic products.

Watson Pharmaceuticals has already traded 1.527 times its 3-month average volume, and has calculated support and resistance at $42.17 and $52.01 respectively. Traders like to use volume as their lie detector for price action moves through predefined tradingranges.

The overall market index S&P 500 is trading lower by -0.85% from its previous trading close, which means that Watson Pharmaceuticals stock is underperforming the overall market.