This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Tech Stocks Spiking on Big Volume

Stocks in this article: SINA SIMO SPLK FIO SNDK

Traders should now look for long-biased trades in SINA as long as it's trending above its 200-day at $54.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.53 million shares. If that breakout hits soon, then SINA will set up to re-test or possibly take out its next major overhead resistance levels at $60 to $62.50. Any high-volume move above $62.50 will then put $63.36 to $65 into range for shares of SINA. Splunk

Splunk (SPLK) provides an innovative software platform that enables organizations to gain real-time operational intelligence by harnessing the value of their data. Its software collects and indexes data at massive scale, regardless of format or source. This stock is trading up 6.8% at $31.80 in recent trading.

Today's Volume: 2.31 million

Average Volume: 1.36 million

Volume % Change: 205%

Shares of SPLK are spiking significantly higher today after rumors made the rounds that IBM might be interested in acquiring the company.

From a technical perspective, SPLK is soaring higher here right above its 50-day moving average of $28.46 with heavy upside volume. This move has started to push shares of SPLK into breakout territory, since the stock has cleared some near-term overhead resistance at $30.92. This move is quickly pushing SPLK within range of triggering another near-term breakout trade. That trade will hit if SPLK takes out some more near-term overhead resistance levels at $32 to $33 with high volume.

Traders should now look for long-biased trades in SPLK as long as it's trending above $30.92, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.36 million shares. If that breakout triggers soon, then SPLK will set up to re-test or possibly take out its next major overhead resistance levels at $35 to $36.

Silicon Motion Technology

Silicon Motion Technology (SIMO) is a fabless semiconductor company that designs, develops and markets, high-performance, low-power semiconductor solutions for the multimedia consumer electronics market. This stock is trading up 5.6% at $15.42 in recent trading.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs