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

5 Tech Stocks Rising on Big Volume

Qihoo 360 Technology

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

Get Adobe Flash player

Qihoo 360 Technology (QIHU - Get Report) is engaged in the operations of Internet services and sales of third party anti-virus software in the People's Republic of China. This stock is trading up 1% at $24.23 in recent trading.

Today's Volume: 3.3 million

Average Volume: 1.9 million

Volume % Change: 180%

Shares of QIHU are trending higher today after Citi analyst Ravi Sarathy said the company is one of his top picks in the Internet sector, noting good fundamental value, solid catalyst profile and good financial operating momentum.

>>3 Tech Stocks Hedge Funds Are Buying

From a technical perspective, QIHU is bouncing here near some previous support at $23 with above-average volume. This move has also briefly pushed QIHU into breakout territory, since the stock has flirted with some near-term overhead resistance at $24.88. At last check, QIHU has hit an intraday high of $25.47 but it's subsequently pulled back to around $24.

Traders should now look for long-biased trades in QIHU as long as it's trending above $23 to $24.88 with strong upside volume flows. I would consider any upside volume day that registers near or above 1.9 million shares as bullish. If QIHU can hold that trend, then this stock has a great chance of re-testing or possibly taking out its next significant overhead resistance levels at $26.18 to $26.35. Any high-volume move above those levels would setup QIHU to possibly hit $30.

5 of 6

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
DWRE $64.28 0.00%
CVLT $47.28 0.00%
FB $81.53 0.00%
N $91.45 0.00%
QIHU $62.62 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs