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7 Stocks Rising on Huge Volume

ServiceSource International

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ServiceSource International (SREV - Get Report) is engaged in service revenue management, providing solutions that drive renewals of maintenance, support and subscription agreements for technology companies. The stock is trading up 10% at $14.17 in recent trading.

Today's Volume: 1,780,000

Average Volume: 717,517

Volume % Change: 315%

This stock is spiking big today after the company reported better-than-expected results for the third quarter. ServiceSource reported third-quarter revenue of $51.5 million, which was well above Wall Street estimates of $48.5 million.

From a technical standpoint, this stock is triggering a breakout today now that it has started to move above some past overhead resistance at $13.73 and above its 50-day moving average of $14.04 on monster volume.

>>5 Stocks Setting Up to Break Out

Traders should now watch for a sustained move and close over both of those levels to set this stock up to re-test its next significant overhead resistance at $15.42. If $15.42 is then taken out with volume, look for this stock to setup for a run towards $17.50 to $20 a share.

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SYM TRADE IT LAST %CHG
SPRD $0.00 0.00%
BODY $0.09 -10.00%
GMCR $88.26 -0.46%
PEGA $22.10 -1.60%
SREV $4.41 -0.68%

Markets

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S&P 500 2,120.79 -2.69 -0.13%
NASDAQ 5,097.9760 -8.6170 -0.17%

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