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% From a 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.
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