This Day On The Street
Continue to site
ADVERTISEMENT
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

4 Big-Volume Stocks Surging Higher

Francesca's

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

Get Adobe Flash player

Francesca's (FRAN - Get Report) operates a national chain of retail boutiques designed and merchandised. Its Francesca's collections are a specialty retailer in the United States. This stock is trading up 1.4% at $34.76 in recent trading.

Today's Volume: 1.1 million

Average Volume: 806,862

Volume % Change: 165%

>>5 Consumer Stocks Hedge Funds Love

From a technical perspective, FRAN is moving notably higher here with above average volume, and it's started to enter breakout territory above some past overhead resistance at $33.93. This move is coming after FRAN soared on Friday from $31 to over $34 on monster volume.

Traders should continue to look for long-biased traders in FRAN as long as it's trending above $34 to $33 with strong upside volume flows. I would consider any upside volume day that registers near or above 806,862 shares as bullish. If we continue to see FRAN hold that trend, then this stock has a great chance of hitting $40 in the near future. The probability of hitting $40 will increase once it takes out today's intraday high of $36.11 with high volume.

On the flipside, I would avoid FRAN or look for short-biased trades if it moves back below $32.75 to 32.50 with heavy volume. That would mean the breakout has failed and FRAN could retrace some of its recent gains.

To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

RELATED LINKS:



Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

5 of 5

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
Submit an article to us!
SYM TRADE IT LAST %CHG
AFFY $0.11 0.00%
FRAN $16.81 0.00%
ISBC $11.98 0.00%
RPRX $7.71 0.00%
AAPL $128.70 0.00%

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs