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TheStreet Open House

5 Unusual Volume Spikes to Trade

Today's Volume: 7.33 million

Average Volume: 4.55 million

Volume % Change: 180%

Shares of CIEN are soaring higher today after AT&T said it plans to spend $14 billion on network expansion over the next three years.

From a technical perspective, CIEN is bouncing strongly to the upside here right off its 50-day moving average of $13.60 with monster volume. This move has also pushed CIEN right below its 200-day moving average of $14.81. Shares of CIEN are now moving within range of triggering a major breakout trade. That trade will hit once CIEN manages to take out its 200-day at $14.81 and then some more past resistance levels at $14.95 to $15 with high volume.

Traders should now look for long-biased trades in CIEN as long as it's trending above its 50-day at $13.60, and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.55 million shares. If that breakout triggers soon, then CIEN will set up to re-fill a previous gap down zone from late August that started at around $17. That gap could get filled quickly, so make sure to be ready if that breakout triggers in the near future

Georgia Gulf (GGC)

Georgia Gulf (GGC) is a manufacturer and an international marketer of chlorovinyl and aromatics chemicals and also manufacture and market vinyl-based building and home improvement products. This stock is trading up 4.6% at $39.95 in recent trading.

Today's Volume: 1.56 million

Average Volume: 680,054

Volume % Change: 247%

From a technical perspective, GGC is bouncing sharply higher here right off its 50-day moving average of $38.11 with above-average volume. This stock has been trending sideways for the last month and change, with shares moving between $35.27 on the downside and $40.79 on the upside. With shares GGC trending up here, the stock is now moving within range of triggering a near-term breakout trade above the high-end of its recent sideways chat pattern. That trade will hit once GGC manages to take out some near-term overhead resistance levels at $40.79 to $41.42 with high volume.

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