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4 Tech Stocks Spiking on Big Volume


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NetApp (NTAP - Get Report) is a provider of storage and data management solutions. NetApp has a portfolio of application, virtualization, cloud, and service provider solutions. This stock is trading up 3.3% at $34.53 in recent trading.

Today's Volume: 5.9 million

Average Volume: 8.1 million

Volume % Change: 50%

>>5 Huge Stocks That Could Slingshot Higher

From a technical perspective, NTAP is moving to the upside here with decent volume. This move is quickly pushing NTAP within range of triggering a major breakout trade. That trade will trigger once NTAP clears some near-term overhead resistance levels at $34.19 and its 200-day moving average of $36.48 with high volume.

Traders should now look for long-biased trades once NTAP sustains a move or close above those levels with volume that's near or above 8,100,030 shares. At last check, NTAP has hit an intraday high of $34.54 and volume is about 2 million below its three-month average action of 8.1 million shares. Keep in mind you can buy NTAP off weakness and anticipate that breakout, as long as some near-term support at $32.93 to $32.50 holds. If that breakout triggers soon, then NTAP will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $38 to $41.05.

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.


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 and maintains the website, 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.
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CPSI $49.71 -2.03%
MCRS $67.99 0.00%
NTAP $23.00 -1.29%
SOHU $43.24 -2.50%
AAPL $95.18 1.64%


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