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

8 Stocks Surging on Big Volume

Acacia Research

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

Get Adobe Flash player

Acacia Research (ACTG - Get Report), through its operating subsidiaries, acquires, develops, licenses and enforces patented technologies. This stock is trading up 5.6% at $26.51 in recent trading.

Today's Volume: 530,000

Average Volume: 657,239

Volume % Change: 50%

Shares of ACTG are moving higher today after the company said it has entered into a settlement agreement with Fujitsu Semiconductor. This agreement resolves patent litigation that was pending in the United States District Court for the Eastern District of Texas and patent litigation that was pending in the United States District Court for the Northern District of California.

From a technical perspective, ACTG is gapping up sharply here with decent volume right off some near-term support at $24.15. This move is quickly pushing ACTG within range of triggering a major breakout trade. That trade will hit once ACTG takes out some near-term overhead resistance at $27.19 with high volume. At last check, ACTG has hit an intraday high of $27.24 but it has subsequently pulled back to its current price of $26.50.

Traders should now look for long-biased trades once ACTG sustains a move or close above $27.19 with volume that's near or above 657,239 shares. If that breakout triggers soon, then look for ACTG to possibly make a run at its 50-day moving average of $32.05 or higher.

On the flip side, I would avoid ACTG or look for short-biased trades if it fails to trigger that breakout, and then moves back below some major near-term support at $24.15 to $23.24 with heavy volume.

8 of 9

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ACTG $10.01 -1.09%
CSOD $29.81 0.81%
IMGN $10.09 -0.30%
SRPT $13.54 2.27%
VNET $20.01 -2.25%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs