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7 Stocks Moving Higher on Unusual Volume

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AMC Networks (AMCX - Get Report)

This company owns and operates several of cable TV brands delivering content to audiences and a valuable platform to distributors and advertisers. This stock is trading up 2% at $37.85 in recent trading.

Today's Volume: 565,000

Average Volume: 441,000

Volume % Change: 64%

From a technical perspective, AMCX is bouncing off of some near-term support at $36.61 here on above average volume. This stock is also rebounding off of oversold conditions, since its current relative strength index reading is 36.18.

Traders should now look for long-biased trades if AMCX can manage to move back above its 200-day moving average of $38.68, and then above some near-term overhead resistance at $39.57 to $40 with high-volume. Look for a sustained move or close above those levels with volume that's near or above 441,000 shares.

If we get that action soon, then AMCX could re-test its 50-day moving average of $41.89. On the flipside, I would avoid this stock or look for short-biased trades if it moves back below $36.61 with heavy volume.

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AUXL $36.47 -0.16%
AMCX $76.75 0.00%
EXLS $33.66 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%


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