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7 Stocks Rising on Huge Volume

Spreadtrum

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Spreadtrum (SPRD) is a fabless semiconductor company that designs, develops and markets baseband processor, radio frequency transceiver and turnkey solutions for the wireless communications and mobile television market. This stock is trading up 10% at $22.85 in recent trading

Today's Volume: 1.4 million shares.

Average Volume: 1.5 million shares

Volume % Change: 88%

Shares of SPRD are ripping higher today after the company said its revenue may exceed previous forecasts. Spreadtrum said in a statement today that it's on track to meet or exceed its fourth-quarter revenue forecast of $188 million to $194 million.

From a technical standpoint, SPRD is starting to bounce hard right near its 200-day moving average of $19.42 today on high volume. Market players should now look for the next buy point to trigger if SPRD can sustain a high-volume move and close back above its 50-day moving average of $23.85.

If we see that action, then look for this stock to re-test some near-term overhead resistance at $27.

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SYM TRADE IT LAST %CHG
SPRD $0.00 0.00%
AUXL $36.47 -0.16%
AMGN $163.58 0.00%
DG $74.42 0.00%
DPZ $99.24 0.00%

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