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8 Stocks Soaring on Big Volume

Alon USA Energy

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Alon USA Energy (ALJ - Get Report) is an independent refiner and marketer of petroleum products operating primarily in the South Central, Southwestern and Western regions of the U.S. This stock is trading up 4.7% at $14.29 in recent trading.

Today's Volume: 1.8 million

Average Volume: 367,603

Volume % Change: 969%

>>5 Stocks Poised for Breakouts

From a technical perspective, ALJ is bouncing sharply to the upside here right off some near-term support at $13.50 with monster volume. This move has started to push ALJ into breakout territory, since the stock is moving above some near-term overhead resistance at $14.21. In fact, ALJ has now hit a new 52-week high today at $14.45.

Traders should continue to look for long-biased trades in ALJ as long as it's trending above $13.38 with strong upside volume flows. I would consider any upside volume day that registers near or above 367,603 shares as bullish. If ALJ can hold this trend, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance level at $15.21.

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ALJ $16.83 0.00%
AIG $56.99 0.00%
DIOD $27.28 0.00%
ELLI $57.75 0.00%
SNE $31.34 0.00%


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