This Day On The Street
Continue to site
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 Heavy Volume

Cheesecake Factory

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

Get Adobe Flash player

Cheesecake Factory (CAKE - Get Report) is engaged in the restaurant and bakery businesses. This stock is trading up 1.6% at $32.38 in recent trading.

Today's Volume: 738,000

Average Volume: 999,570

Volume % Change: 50%

Shares of CAKE are moving modestly higher here after Goldman Sachs upgraded the stock to neutral from sell. The firm said the restaurant chain's same-store sale trend has held up better than its peers, and that earnings may be boosted by lower food costs.

>>5 Big Stocks Ready to Slingshot Higher

From a technical perspective, CAKE is gapping up here and breaking out above some near-term overhead resistance levels at $32 to $32.18 with decent volume. This move is quickly pushing the stock within range of triggering another major breakout trade. That trade will hit once CAKE takes out some near-term overhead resistance levels at $33 to $33.30, and then once it clears its 2011 high of $34.07 with high volume.

Traders should look for long-biased trades once CAKE sustains a move or close above those levels with volume that's near or above 999,570 shares. Keep in mind that CAKE is due to report earnings on July 25, so either play for the breakout and run-up prior to its report, or wait until after earnings to play the breakout.

5 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!
CAKE $52.53 0.00%
IACI $71.35 0.00%
JCOM $70.13 0.00%
IPXL $46.66 0.00%
RNF $15.25 0.00%


DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs