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5 Tech Stocks Spiking on Big Volume

Stocks in this article: SINA SIMO SPLK FIO SNDK

SanDisk

SanDisk (SNDK) designs, develops, markets and manufactures flash storage card products used in a number of consumer electronics products. This stock is trading up 1.9% at $46.47 in recent trading.

Today's Volume: 3.85 million

Average Volume: 4.71 million

Volume % Change: 68%

From a technical perspective, SNDK is ripping higher here right off some near-term support at $45 with decent volume. This stock has been up-trending strongly for the last two months, with shares moving up from its low of $38.47 to its recent high of $46.97. During that move, shares of SNDK have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed SNDK within range of triggering a major breakout trade. That trade will hit if SNDK clears some past overhead resistance levels at $46.84 to $46.99 with high volume.

Traders should now look for long-biased trades in SNDK as long as it's trending above $45 to $44, and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.71 million shares. If that breakout hits soon, then SNDK will set up to re-fill its previous gap down zone from last April that started near $50.

Sina

Sina (SINA) is an online media company and MVAS provider in the People's Republic of China and for the global Chinese communities. This stock is trading up 2% at $55.35 in recent trading.

Today's Volume: 2.38 million

Average Volume: 2.53 million

Volume % Change: 66%

From a technical perspective, Sina is moving modestly higher here back above its 200-day moving average of $54.50 with decent upside volume. This stock has been uptrending strongly for the last month and change, with shares moving higher from its low of $41.14 to its intraday high of $56.10. During that move, SINA has been consistently making higher lows and higher highs, which is bullish technical price action. That move is now quickly pushing SINA within range of triggering a near-term breakout trade. That trade will hit if SINA manages to clear some near-term overhead resistance levels at $55.19 to $58.58 with high volume.

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