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7 Stocks Soaring on Unusual Volume

Monolithic Power Systems (MPWR - Get Report)

This is a fabless semiconductor company that designs, develops and markets analog and mixed-signal semiconductors. This stock is up 8.7% at $19.72 in recent trading.

Today's Volume: 626,000
Average Volume: 322,328
Volume % Change: 129%

Shares of MPWR are surging today after Stifel Nicolaus raised its rating to buy from hold, citing the company's "renewed focus on higher-value products, end-market diversification and attractive financial model," with solid free cash-flow generation. From a technical perspective, MPWR is ripping higher here on monster volume, and the stock is flirting with its 50-day moving average of $19.66. At last check, MPWR has hit an intraday high of $19.84 and volume is well above its three-month average action.

Traders should now look for long-biased trades as long as MPWR can keep a trend over its 50-day with strong upside volume flows. I would consider any upside volume day that registers near or above 322,238 shares as bullish. If we continue to see that trend, then MPWR could easily retest its 52-weeek high of $22.40, in the near future. On the flipside, I would avoid this stock, or look for short-biased trades, if it fails to hold that trend above the 50-day, and then takes out some near-term support at $17.70 with heavy volume.

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SYM TRADE IT LAST %CHG
ONXX $0.00 0.00%
AMSG $61.23 -1.20%
MPWR $51.31 0.27%
OMER $21.79 -1.90%
SGEN $36.26 1.50%

Markets

DOW 17,691.31 +13.08 0.07%
S&P 500 2,058.27 +2.12 0.10%
NASDAQ 4,877.8750 +14.5130 0.30%

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