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3 Stocks Soaring on Unusual Volume

Stocks in this article: CAP APOG SYNA

Today's Volume: 299,000

Average Volume: 178,329

Volume % Change: 196%

Shares of APOG are trending higher today after the company said third quarter revenue rose by 9% to $190.4 million and net earnings surged 45% to 28 cents per share.

From a technical perspective, APOG is gapping higher here right above some near-term support at $23 with above-average volume. This move has started to push APOG into breakout territory, since the stock has cleared some near-term overhead resistance levels at $23.50 to $23.89. At last check, APOG has hit an intraday high of $24.86 and volume is well above its three-month average action of 173,329 shares. This move has also pushed APOG into new 52-week high territory, which is bullish technical price action.

Traders should now look for long-biased trades in APOG as long as it's trending above $23 to $23.50 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 178,329 shares as bullish. If APOG can maintain that trend, then this stock has a great chance of tagging $30 in the near future.

Synaptics (SYNA)

This is a developer and supplier of custom-designed human interface solutions that enable people to interact easily and intuitively with a variety of mobile computing, communications, entertainment, and other electronic devices. This stock is trading up 4% at $29.49 in recent trading.

Today's Volume: 895,000

Average Volume: 442,442

Volume % Change: 234%

From a technical perspective, SYNA is gapping higher here back above its 200-day moving average of $28.25 with above-average volume. This stock has been uptrending strong for the last two months, with shares soaring from a low of $22.60 to its recent high of $30.36. During that move, shares of SYNA have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed SYNA within range of triggering a near-term breakout trade. That trade will hit once SYNA manages to take out some near-term overhead resistance levels at $30.50 to $31.56 with high volume.

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