8 Stocks Soaring on Big Volume
Arctic Cat (ACAT) designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles under the Arctic Cat brand name, as well as related parts, garments and accessories. This stock is trading up 4.3% at $45.93 in recent trading.
Today's Volume: 167,000Average Volume: 191,917 Volume % Change: 76% >>5 Consumer Stocks Hedge Funds Love From a technical perspective, ACAT is spiking higher here off some near-term support at $44 with decent volume. This move is quickly pushing ACAT within range of a major breakout trade. That trade will hit once ACAT takes out some past overhead resistance levels at $45.89 to $47.26 with high volume. At last check, ACAT has hit an intraday high of $46.87 and volume is close to eclipsing its three-month average volume of 191,917 shares. Traders should now look for long-biased trades in ACAT as long as it's trending above today's low of $44.13, and then once it sustains a move or close above those breakout levels with volume that's near or above 191,917 shares. If that breakout triggers soon, then ACAT will have a great chance of trending north of $50 in the near future.
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