This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

8 Stocks Rising on Unusual Volume

Stocks in this article: ABX SODA DMND LGND SLXP IPHS

KIT digital

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

KIT digital (KITD), through its operating subsidiaries, provides enterprise clients an end-to-end technology platform for managing IP-based video assets across the browser, mobile device and Internet protocol television set-top box-enabled television set. The stock is trading up 28% at $10.76 in recent trading.

Today's Volume: 3,060,000

Average Volume: 549,615

Volume % Change: 1319%

This stock is soaring today after the company reported record third quarter earnings. Revenue for the third quarter jumped 29% sequentially to a record $62.3 million from $48.2 million in the previous quarter, and revenue increased 124% from $27.2 million in the same quarter last year.

From a technical standpoint, this stock broke out today above some past overhead resistance at $9.50 to $9.70 on monster volume. The next key technical levels that traders should be watching for are at the 200-day moving average of $11.20 and at $11.37, which is the next significant resistance.

>>5 Stocks Under $5 Trading at Huge Discounts

If KITD can manage to move above those levels, preferably after consolidating some of today's huge gains, then this stock can make a run at $13 or even higher.

Diamond Foods

Diamond Foods (DMND) is a packaged food company focused on building, acquiring and energizing brands. Diamond specializes in processing, marketing and distributing snack products and culinary, in-shell and ingredient nuts. The stock is trading up 4.5% at $40.49 in recent trading.

Today's Volume: 1,410,000

Average Volume: 853,367

Volume % Change: 199%

From a technical standpoint, this stock is the poster child of an oversold equity. Shares dropped from its September high of $96.07 to a recent low of $38.45. The current relative strength index for DMND shows a reading of 20, which is an extremely oversold level.

Market players might want to consider this name for an oversold rebound play since with the market down large today, DMND is starting to move up on heavy volume. Simply use that low of $38.45 as a mental stop in case the stock isn't done going down.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs