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TheStreet Open House

6 Stocks Rising on Huge Volume

Vivus

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Vivus (VVUS) is engaged in development and commercialization of therapeutic drugs for large underserved markets, including obesity and related morbidities, such as sleep apnea and diabetes and men's sexual health. This stock is trading up 11.8% at $11.36 in recent trading.

Today's Volume: 2.9 million

Average Volume: 1.5 million

Volume % Change: 173%

From a technical standpoint, VVUS is gapping up huge today with volume above some near-term overhead resistance at $10.79. Traders should now watch for a sustained high-volume move and close above its next significant overhead resistance at $11.48.

If we get that action soon, then look for VVUS to challenge $12.98 to $13.68 in the coming days of weeks. Keep in mind that it will be important for VVUS to stay above $11.48 if there's any chance of a re-test of $12.98 to $13.68.

To see more stocks rising on unusual volume, including Acorda Therapeutics (ACOR), Brightpoint (CELL) and Spreadtrum Communications (SPRD), check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
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