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8 Stocks Ripping Higher on Unusual Volume

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Golar LNG (GLNG - Get Report)

This company is a mid-stream liquefied natural gas player engaged primarily in the transportation, regasification and liquefaction and trading of LNG. This stock is trading up 6.6% at $42.29 in recent trading.

Today's Volume: 922,000

Average Volume: 642,379

Volume % Change: 77%

Shares of GLNG are soaring today after Dahlman Rose upgraded the stock to buy from hold.

From a technical standpoint, GLNG recently sold off big from $47.82 to $39.60 on big volume in just a few trading sessions. This sharp drop has brought buyers back into the stock right around a previous support zone near $40. Market players should now watch for GNLG to trade back above its 50-day moving average of $42.74 with high-volume. Look for volume that's near or above 642,379 shares on any future move above the 50-day. If we get that action, then look for long biased trades in GLNG.
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