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 Soaring Higher With Big Volume

Avago Technologies

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

Get Adobe Flash player

Avago Technologies (AVGO - Get Report) is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V based products. This stock is trading up 5.8% at $35.73 in recent trading.

Today's Volume: 3.7 million

Average Volume: 1.8 million

Volume % Change: 254%

From a technical perspective, AVGO is bouncing to the upside here right off its 200-day moving average of $34.36 with above-average volume. Shares of AVGO have also started to flirt with its 50-day moving average of $35.74 today.

Traders should now look for long-biased trades in AVGO once it manages to trigger its next major breakout trade. That trade will hit once AVGO clears some near-term overhead resistance levels at $36.83 to $37.88 with high volume. Look for a sustained move or close above those levels with volume that hits near or above 1,832,270 shares. If that breakout triggers soon, then AVGO will have a great chance to re-test or possibly take out its next major overhead resistance levels at $39.22 to $39.45.

On the flip side, I would avoid AVGO or look for short-biased trades if it fails to trigger that breakout, and then drops back below some near-tem support levels at $33.22 to $32.14 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
VPHM $49.96 -0.02%
BODY $0.14 0.00%
AVGO $121.85 0.00%
KORS $63.25 0.00%
KS $29.75 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs