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8 Stocks Rising on Big Volume

Groupon

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Groupon (GRPN - Get Report) is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount. This stock is trading up 7.9% at $12.50 in recent trading.

Today's Volume: 4.4 million

Average Volume: 3.2 million

Volume % Change: 108%

From a technical perspective, GRPN is ripping significantly higher here on above average volume. This move is quickly pushing GRPN within range of triggering a near-term breakout trade. That trade will hit once GRPN takes out some near-term overhead resistance at just above $13, and then its 50-day moving average of $13.71 with high-volume.

Traders should look for long-biased trades if GRPN can trigger that move on volume that's near or above 3,191,230 shares. If we get that action soon, then GRPN will have a great chance of challenging and possibly taking out some major overhead resistance at $14.93.

On the flipside, I would look for short-biased trades if GRPN fails to sustain a move or close above its 50-day at $13.71.

I also featured Groupon, one of Maverick Capital's holdings, last week in " 8 Stocks Set to Soar off Facebook's IPO."
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SYM TRADE IT LAST %CHG
VMED $0.00 0.00%
BMRN $144.57 0.17%
GRPN $4.80 -0.83%
LOGI $14.20 -0.56%
NDAQ $50.98 -0.02%

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

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