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8 Stocks Spiking on Unusual Volume


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Google (GOOG - Get Report) is a global technology company focused on improving the ways people connect with information. This stock is trading up 2.7% at $627.99 in recent trading.

Today's Volume: 2.1 million

Average Volume: 2.4 million

Volume % Change: 57%

From a technical perspective, GOOG is soaring here back above its 50-day moving average of $620.73 with decent volume. Traders should continue to look for long-biased trades as long as GOOG is trending above its 50-day, and if it can manage to close near its daily highs. At last check, GOOG has hit an intraday high of $630.10. If we continue to see that price action, then GOOG should have no problem with tagging its next significant overhead resistance level at $653 to $658 in the near future.

On the flipside, I would avoid any long trades if GOOG closes back below its 50-day with heavy volume.

Google, one of SAC Capital's holdings, shows up on a recent list of 10 Stocks Poised to Rise in Apple's Wake.
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AWAY $0.00 0.00%
ACHC $62.21 -2.39%
FOSL $40.57 -3.47%
GOOG $691.02 -2.10%
PETM $82.98 0.04%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

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