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7 Stocks Rising on Big Volume

Ocean Rig UDW

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Ocean Rig UDW (ORIG - Get Report) provides oilfield services for offshore oil and gas exploration, development and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. This stock is trading up 3.4% at $16.15 in recent trading.

Today's Volume: 373,000

Average Volume: 160,678

Volume % Change: 252%

>>5 Stocks With Big Insider Buying

From a technical perspective, ORIG is trending higher here after this stock found some buying interest right near its 200-day moving average of $15.09. This high-volume move is quickly pushing ORIG within range of triggering a near-term breakout trade. That trade will hit once ORIG clears some near-term overhead resistance at $16.52 with heavy volume.

Traders should now look for long-biased trades in ORIG once it sustains a move or close above $16.52 with volume that's near or above 160.678 shares. If we get that action soon, then ORIG will have a great chance of re-testing and possibly taking out its next major overhead resistance levels at $17.43 to $18.26.

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DECK $75.06 0.00%
FNSR $20.98 0.00%
IMOS $23.96 0.00%
ORIG $6.87 0.00%
SINA $38.54 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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