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Carmike Cinemas(CKEC - Get Report) is a motion picture exhibitor in the U.S. This stock is trading up 3.4% at $11.80 in recent trading.
Today's Volume: 146,000
Average Volume: 57,844
Volume % Change: 163%
From a technical perspective, CKEC has started to flirt with a big breakout trade today since the stock is challenging some near-term overhead resistance at $11.82 with strong volume. At last check, the stock high a daily high of $11.98 and volume is twice the daily average.
Traders should now watch for a sustained high-volume move and close today above $11.82 to signal that this stock wants to trend higher. If we get that action today, then look for CKEC to make a run at $13 in the near future.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.