8 Stocks Rising on Huge Volume

Carmike Cinemas

Carmike Cinemas (CKEC) 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.

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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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