7 Stocks Booming on Unusual Volume
This is an Internet company. It offers access to its search engine through personal computers, mobile phones, tablets, and navigation and other digital devices. It operates mainly in Russia. This stock is trading up 4.6% at $23 in recent trading.
Today's Volume: 1.23 million
Average Volume: 1.38 millionVolume % Change: 86% From a technical perspective, YNDX is ripping higher here back above its 50-day moving average of $22.54 with above-average volume. This stock has been trending inside of a range of the past month, with shares moving between $20.34 on the downside and $22.81 on the upside. Shares of YNDX are starting to move outside of the higher-end of that range that today. This move is also quickly pushing YNDX close to triggering a major breakout trade. That trade will hit once YNDX takes out some near-term overhead resistance levels at $24.52 to $25.23 with high volume. Traders should now look for long-biased trades in YNDX as long as it's trending above its 50-day at $22.54, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.38 million shares. If that breakout triggers soon, then YNDX will set up to re-test or possibly take out its next major overhead resistance levels at $26 to $28. Any high-volume move above $28.14 will then push YNDX into new 52-week high territory, which is bullish technical price action. Altisource Portfolio Solutions S.A. (ASPS) This company is a provider of real estate, mortgage, and asset recovery and customer relationship management services. This stock is trading up 5.2% at $106.49 in recent trading. Today's Volume: 258,000 Average Volume: 230,898 Volume % Change: 57% From a technical perspective, ASPS is ripping higher here back above its 50-day moving average of $106.43 with above-average volume. This move is quickly pushing ASPS within range of triggering a near-term breakout trade. That trade will hit once ASPS takes out some near-term overhead resistance at $108.23 to $110 with high volume. At last check, ASPS has hit an intraday high of $109.24 and volume is just starting to track above its three-month average action of 230,898 shares.
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