This Day On The Street
Continue to site
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 Leaping on Unusual Volume

Dolby Laboratories (DLB - Get Report)

This company develops and delivers innovative technologies, products and services at each stage of the entertainment industry, including content creation, content distribution and content playback. This stock is trading up 4% at $35.56 in recent trading.

Today's Volume: 1.50 million

Average Volume: 744,837

Volume % Change: 256%

Shares of DLB are trending higher today after the company announced a one-time special dividend of $4 a share. The dividend will be paid on Dec.27 to shareholders of record as of the close of business on Dec. 21.

From a technical perspective, DLB is gapping up sharply here right below its 200-day moving average of $36.79 with heavy upside volume. At last check, DLB has hit an intraday high of $37.01 and volume is well above its three-month average action of 744,837 shares.

Traders should now look for long-biased trades in DLB as long as it's trending above its 200-day at $36.79 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 744,837 shares as bullish. If DLB can maintain that trend, then this stock will set up to re-test or possibly take out its next significant overhead resistance level at $39.18.

Globus Medical (GMED - Get Report)

This is a medical device company focused exclusively on the design, development and commercialization of products that promote healing in patients with spine disorders. This stock is trading up 3.5% at $11.98 in recent trading.

Today's Volume: 419,000

Average Volume: 255,540

Volume % Change: 210%

From a technical perspective, GMED is bouncing strongly to the upside here right above some near-term support at $11.12 with above-average volume. This stock has been downtrending badly for the least two months, with shares dropping from its high of $19.93 to its recent low of $11.12. During that move, shares of GMED were mostly making lower highs and lower lows, which is bearish technical price action. That said, shares of GMED are starting to rebound off that recent low of $11.12 and off of oversold territory. The current relative strength index (RSI) reading for GMED shows an oversold level at 33.45.
2 of 6

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

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
INFA $0.00 0.00%
DLB $36.78 -0.19%
GMED $22.40 -1.58%
N $53.58 -0.91%
AAPL $93.70 -0.60%


Chart of I:DJI
DOW 15,660.18 -254.56 -1.60%
S&P 500 1,829.08 -22.78 -1.23%
NASDAQ 4,266.8370 -16.7550 -0.39%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs