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TheStreet Open House

8 Stocks Rising on Monster Volume

Rovi

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Rovi (ROVI) is focused on powering the discovery and enjoyment of digital entertainment by providing a set of integrated solutions that are embedded in its customers' products and services and used by end consumers to simplify and guide their interaction with digital entertainment. This stock is trading up 4.19% at $35.80 in recent trading.

Today's Volume: 3.1 million

Average Volume: 1.8 million

Volume % Change: 217%

Shares of ROVI are advancing nicely to the upside today after the company reported a loss in the fourth quarter driven by higher costs.

From a technical perspective, ROVI has started to trigger a breakout trade today since the stock has started to move above some near-term overhead resistance at $35 on monster volume. This move now pushed ROVI back into a gap down area from last November.

Traders should continue to look for long-biased trades in ROVI as long as the stock can close above $35, and not too far off its daily high of $37.75. Look for ROVI to trend back towards its 200-day average of $43.04 in the near future, if we get a strong close today.

Rovi, which shows up on a list of 13 Tech Stocks to Buy in 2012, was also featured recently in " 5 Eurozone Technical Setups for Breakout Gains."

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