From a technical perspective, Sohu.com (SOHU) spiked sharply higher here and broke out above a number of near-term resistance levels with heavy upside volume flows. This rip to the upside is quickly pushing shares of Sohu.com within range of triggering another big breakout trade.
- Home
- >
- Our trader/investor philosophy
- >
- Why should we keep an eye on unusually high traded volumes
Why should we keep an eye on unusually high traded volumes
Rating:
Loading...Professional investors running mutual funds and hedge funds don't just look at a stock's fundamentals, they also track unusual volume. Often, when heavy volume hits a stock, it precedes a sharp increase in share price.
These types of investors like to get in well before a bigger trend, so it's always prudent to scan the market for unusual volume activity across all sectors.
With that in mind, let's take a look at six stocks that are showing up on unusual volume scans.
Alibaba Group
Thursday's Volume: 37.09 million
Three-Month Average Volume: 9.46 million
Volume % Change: 280%
From a technical perspective, Alibaba Group (BABA) spiked notably higher here back above its 20-day moving average of $117.87 with monster upside volume. This high-volume bump to the upside is quickly pushing this stock within range of triggering a near-term breakout trade.
Aquinox Pharmaceuticals
Thursday's Volume: 297,000
Three-Month Average Volume: 97,370
Volume % Change: 194%
From a technical perspective, Aquinox Pharmaceuticals (AQXP) ripped higher here right off its 20-day at $14.60 and back above its 50-day at $15.26 with strong upside volume. Market players should look for a continuation move higher in the short-term if this stock manages to clear Thursday's intraday high of $16.05 with strong volume.
Sohu.com
Thursday's Volume: 991,000
Three-Month Average Volume: 226,132
Volume % Change: 333%
Shopify
Thursday's Volume: 7.97 million
Three-Month Average Volume: 1.63 million
Volume % Change: 427%
From a technical perspective, Shopify (SHOP) jumped higher here back above its 20-day at $84.33 with monster upside volume flows. This high-volume jump to the upside is quickly pushing shares of Shopify within range of triggering a major breakout trade.
Brixmor Property Group
Thursday's Volume: 6.06 million
Three-Month Average Volume: 2.83 million
Volume % Change: 137%
From a technical perspective, Brixmor Property Group (BRX) jumped higher here right above its new 52-week low of $17.49 with heavy upside volume flows.
La Jolla Pharmaceuticals
Thursday's Volume: 2.93 million
Three-Month Average Volume: 902,555
Volume % Change: 403%
From a technical perspective, La Jolla Pharmaceuticals (LJPC) exploded higher here right off its 20-day at $28.34 and broke out above a number of near-term resistance levels with monster upside volume flows. This high-volume rip to the upside is pushing this stock within range of triggering another near-term breakout trade.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
Varchev Traders Read more:
The Amateur VS The Professional; The Difference is in The Mind
A story of a trader: ‘Trading can take over your life – but only if you let it’
How to Filter Good & Bad Price Action Entry Signals
The smartest way to invest your first $1000
Should S&P500 be afraid from Friday 13th what the statistics look like
RECCOMEND
WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
