This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

7 Stocks Rising on Monster Volume

PetSmart

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

PetSmart (PETM) is a specialty provider of products, services and solutions for the lifetime needs of pets. This stock is trading up 10.8% at $61.66 in recent trading.

Today's Volume: 3.9 million

Average Volume: 2.8 million

Volume % Change: 690%

Shares of PETM are skyrocketing today after the company beat Wall Street expectations as all aspects of its business grew. One analyst called the results a "howler" of a first quarter. (I featured PetSmart earlier this week in " 5 Stocks Set to Soar on Bullish Earnings.")

From a technical perspective, PETM is gapping up sharply higher here on above average volume. This move has pushed PETM into breakout territory since the stock has blown through some near-term overhead resistance at $59.36.

Traders should now look for long-biased trades if PETM can manage to take out its daily high with strong volume. At last check, PETM has hit an intraday high of $62.10 and volume is well above its three-month average action.

On the flipside, traders should look for short-biased trades if PETM takes out today's low of $59.80 with heavy volume.

6 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AVGO $123.02 0.96%
EXPE $97.40 1.36%
PETM $82.98 0.04%
TTWO $24.75 0.12%
AAPL $127.60 2.28%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs