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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 $58.05 -1.02%
FNSR $16.33 -0.12%
IMOS $17.30 1.65%
ORIG $1.87 -4.10%
SINA $49.86 0.14%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

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