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8 Stocks Rising on Monster Volume - views
WINDERMERE, Fla. (Stockpickr) -- Professional traders running mutual funds and hedge funds don’t just look at a stock’s price moves; they also track big changes in volume activity. Many times when above average volume moves into equity it precedes a large spike in volatility.
Unusual volume can also be a major signal that hedge funds and momentum traders are piling into a stock ahead of a catalyst. These types of traders like to get in well before a large spike, so it’s always a smart move to monitor unusual volume. That said, remember to combine trend and price action with unusual volume. Put them all together to help you decipher the next big trend for any stock.
With that in mind, let's take a look at a number of stocks rising on unusual volume today.
Tesla Motors (TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. This stock is trading up 3.8% at $36.01 in recent trading.
Today’s Volume: 1.2 million
Average Volume: 1.08 million
Volume % Change: 124%
From a technical perspective, TSLA has started to move above some near-term overhead resistance today at $35 with decent volume. This move now puts the stock within range of triggering a major breakout. That breakout will trigger once TSLA takes out its all-time high of $36.42.
A high-volume move and close above that level should set this stock up for significant upside, since it will mean that TSLA is trading in all-time-high territory. Traders should look for long biased trades once TSLA closes over $36.42 with decent volume.
I also featured Tesla recently in "5 Stocks Setting Up to Break Out."
Velti (VELT) is a global provider of mobile marketing and advertising solutions that enable brands, advertising agencies, mobile operators and media companies to implement campaigns by communicating with and engaging consumers through their mobile devices. The stock is trading up 16.9% at $11.49 in recent trading.
Today’s Volume: 2.3 million
Average Volume: 491,811
Volume % Change: 935%
Shares of VELT are soaring today after the company posted better-than-expected quarterly results boosted by higher mobile advertising revenue and forecast first-quarter revenue largely above estimates.
From a technical perspective, VELT has started to trigger a big breakout trade today now that the stock is moving above some near-term overhead resistance at $10.65 to $11 on monster volume.
Traders should now watch for VELT to close above $11 and near its daily highs to signal that it wants to move much higher. If we get that action, then look for VELT to make a run at its next significant overhead resistance level of $13.88 in the near future. That level has a great chance of getting hit as long as VELT continues to trend above that key $11 breakout level.
Dunkin Brands Group
Dunkin Brands Group (DNKN) is a franchisor of quick-service restaurants serving hot and cold coffee and baked goods, as well as hard serve ice cream. This stock is trading up 1% at $30.79 in recent trading.
Today’s Volume: 940,000
Average Volume: 831,020
Volume % Change: 99%
From a technical perspective, DNKN has started to trigger a breakout trade since the stock has moved above some near-term overhead resistance at $30.10 with decent volume. The stock also hit right below its all-time high of $31.94 today, after hitting a daily high of $31.92.
Traders should now look for long biased trades in DNKN as long as the stock is trending above its all-time high of $31.94. A high-volume move and close above that level will trigger a big breakout for DNKN. Look for volume on a move over that level that’s near or above 831,020 shares.
Dunkin shows up on a list of 10 Best New Stock Ideas by Steven Cohen for the most recently reported quarter.
Coffee Holding (JVA) is an integrated wholesale coffee roaster and dealer in the U.S. The stock is trading up 24% at $13.22 in recent trading.
Today’s Volume: 3.3 million
Average Volume: 310,518
Volume % Change: 1696%
From a technical perspective , JVA is soaring today back above its 200-day moving average of $12.32 on monster volume. This stock has made a huge move in the past few trading sessions running from under $8 to today’s high of $13.55. That move has pushed the stock into overbought territory since its current relative strength index (RSI) reading is now 82.74.
That said, JVA has a good chance of re-testing its next significant overhead resistance levels at $14 to $14.69 in the near future. Any move over $14.69 with volume will trigger another big breakout for JVA.
Amerigon (ARGN) designs, develops and markets products based on its thermoelectric device technologies for a range of global markets and heating and cooling applications. The stock is trading up 5.8% at $16.08 in recent trading.
Today’s Volume: 312,000
Average Volume: 188,327
Volume % Change: 292%
Shares of ARGN are ripping higher today after the company beat earnings by 26 cents, beat on revenues and guided its first-quarter revenues above Wall Street estimates.
From a technical perspective, ARGN is starting to flirt with a big breakout trade today since the stock briefly moved above some past overhead resistance at $16.63 with heavy volume.
Traders should now watch ARGN for a high-volume move and close above $16.63 and its daily high of $16.69 to signal that this stock wants to trend much higher. Look for volume on that move that’s near or well above 188,327 shares. If we get that action soon, look for ARGN to re-test its next significant overhead resistance level at $18.18 very quickly.
Solazyme (SZYM) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the U.S. This stock is trading up 5.1% at $13.65 in recent trading.
Today’s Volume: 539,000
Average Volume: 344,908
Volume % Change: 201%
From a technical perspective, SZYM is ripping higher today on heavy volume, and it’s quickly approaching a major breakout.
Traders should now watch for a breakout trade to trigger once SZYM can manage to take out some near-term overhead resistance at $14.75 with volume. Look for volume on a move over $14.75 that’s near of well above 344,907 shares. If we get that action soon, look for SZYM to re-test its next significant overhead resistance level at $18 in the near future.
Sohu.com (SOHU) is a Chinese online media, search, gaming, community and mobile service group. This stock is trading up 3.1% at $51.06 in recent trading.
Today’s Volume: 1.8 million
Average Volume: 1.4 million
Volume % Change: 142%
From a technical perspective, SOHU is trading within range of a number of key technical levels. The first level is the stock’s 50-day moving average of $53.34, and the second is some near-term overhead resistance at $53.50.
Traders should look for long-biased trades in SOHU if the stock can manage to clear both of those levels with high-volume. At last check, the stock has hit a high today of $53.23 and volume is strong, but it has pulled back to its current level of $50.80.
Sodastream International (SODA), along with its subsidiaries, is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products. This stock is trading up 5% at $36.30 in recent trading.
Today’s Volume: 1.2 million
Average Volume: 1.5 million
Volume % Change: 55%
Shares of SODA are running higher after the company announced the introduction of the Revolution, a new, innovative soda maker with breakthroughs in both function and design.
From a technical perspective, SODA is bouncing today around some near-term support at $33.57 with decent volume. This move is nothing special, but it could have some legs back towards SODA’s 50-day moving average of $39.
Traders should look for long biased trades in SODA if it can manage to close near its daily high of $36.75 with decent volume. Look for volume today that’s near or well above 1,487,530 shares.
To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
At the time of publication, author had no positions in stocks mentioned.
Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.