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 Ripping Higher on Unusual Volume

Open Text

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

Get Adobe Flash player

Open Text (OTEX - Get Report) is engaged in providing enterprise content management software solutions. Open Text builds software that combines collaboration and process optimization. This stock is trading up 10.2% at $54.45 in recent trading.

Today's Volume: 1,121,000

Average Volume: 384,133

Volume % Change: 419%

Shares of OTEX are ripping higher today after the Raymond James reiterated its outperform rating on the stock and raised its price target from $67 to $72. Raymond James noted, "Open Text reported results of $306 million and $1.17 of earnings per share, more or less in-line with consensus of $309 million on earnings per share of $1.16. License sales of $78 million were slighting ahead of estimates of $77 million.

From a technical perspective, OTEX is soaring here with monster volume, and the stock has started to move above its 200-day moving average of $53.81.

Traders should now look for long-biased trades as long as OTEX is trending above $53.21 to its 200-day moving average of $53.81 with strong upside volume flows. I would consider any upside volume day that registers near or above 384,133 shares as bullish. If OTEX can hold a trend above those levels, then look for this stock to re-test and possibly take out its next major overhead resistance level near $58.
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

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
HMIN $35.71 0.00%
NUAN $17.18 0.00%
OTEX $55.92 0.00%
PODD $33.30 0.00%
STX $21.77 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs