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Coinstar's(CSTR) core offerings in automated retail include its digital video disk business, where consumers can rent or purchase movies from self-service kiosks, and its coin business, where consumers can convert their coin to cash or stored value products at coin-counting self-service kiosks. The stock is trading up 6% at $46.72 in recent trading.
Today's Volume: 1.6 million shares.
Average Volume: 1.3 million shares
Volume % Change: 195%
technical standpoint, CSTR is gapping up today on heavy volume above its 50-day
moving average at $46.40, and it's flirting with its 200-day moving average of $47.83. Market players should now watch for a sustained high-volume move and close above the 200-day.
The volume today is very strong, so watch how CSTR closes. If we get that action, look for this stock to re-test some near-term overhead resistance at $49.50. A high-volume move above that level should setup CSTR for a big move higher in the near future.
Coinstar, one of TheStreet Ratings'
top-rated consumer services stocks, is oen of the
top holdings of Whitney Tilson's T2 Partners as of the most recently reported period.