Impac Mortgage (IMH) focuses on mortgage and real estate services including primarily mortgage lending activities and portfolio loss mitigation and real estate service activities, and the management of the long-term mortgage portfolio. This stock is trading up 21% at $12.25 in recent trading.
Today's Volume: 452,000Average Volume: 163,627 Volume % Change: 577% >>6 Best-Rated Bank Stocks From a technical perspective, IMH is gapping sharply higher here right off some near-term support at $10 with above-average volume. This move has started to push IMH into breakout and 52-week-high territory, since the stock has moved above some near-term overhead resistance levels at $11.57 to $11.94. Traders should now look for long-biased trades in IMH as long as it's trending above those breakout levels with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 163,627 shares as bullish. If IMH can maintain that trend, then this stock has a great chance of trending up towards $15 or higher in the near future. To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV