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TheStreet Open House

5 Unusual Volume Spikes to Trade

Stock quotes in this article: RXN, CIEN, GGC, MD, CNC

Traders should now look for long-biased trades in GGC as long as it's trending above its 50-day at $38.11, and then once it sustains a move or close above those breakout levels with volume that hits near or above 680,054 shares. If GGC can maintain that trend, especially above $40.79 to $41.42, then this stock will setup to tag $45 or higher in the near future. Keep in mind that any high-volume move above $41.42 will push GGC into new 52-week high territory, which is bullish technical price action.


Mednax (MD) is a provider of physician services including Neonatal Care, Maternal-fetal Care, Pediatric Cardiology Care, Other Pediatric Subspecialty Care and Anesthesia Care. This stock is trading up 1% at $76.50 in recent trading.

Today's Volume: 634,000

Average Volume: 331,581

Volume % Change: 184%

From a technical perspective, MD is bouncing notably higher here right off some near-term support at $74 with above-average volume. This move is following a recent run up in the stock from $67.86 to today's high of $77.25 with strong upside volumes flows. Shares of MD have also started to flirt with a major breakout today, since the stock has challenged some near-term overhead resistance at $76.76. At last check, MD has hit an intraday high of $77.25 and volume is well above its three-month average action of 331,581 shares.

Traders should now look for long-biased trades in MD as long as it's trending above $74, and then once it sustains a move or close above $76.76 to $77.25 with volume that hits near or above 331,581 shares. If that breakout triggers soon, then MD will set up to trend north of $80 in the near future. Keep in mind that once MD takes out $77.25 it will enter new 52-week high territory, which is bullish technical price action.

Centene Centene (CNC) is a multi-line healthcare enterprise operating in two segments: Medicaid Managed Care and Specialty Services. This stock is trading up 9% at $43.48 in recent trading.

Today's Volume: 1.72 million

Average Volume: 731,383

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