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!

3 Stocks Spiking on Big Volume

Stocks in this article: OSTK KKD GSK

GlaxoSmithKline

GlaxoSmithKline (GSK) is engaged in the creation and discovery, development, manufacture and marketing of pharmaceutical products including vaccines, over-the-counter medicines and health-related consumer products. This stock is trading up 1.5% at $44.64 in recent trading.

Today's Volume: 3.25 million

Average Volume: 2.47 million

Volume % Change: 129%

From a technical perspective, GSK is gapping higher here back above its 200-day moving average of $44.43 with above-average volume. This move is quickly pushing GSK within range of triggering a near-term breakout trade. That trade will hit if GSK manages to take out some near-term overhead resistance levels at $44.54 to $45.02 with high volume. At last check, GSK has hit an intraday high of $44.85 and volume is well above its three-month average action of 2.47 million shares.

Traders should now look for long-biased trades in GSK as long as it's trending above its 200-day at $44.43, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.47 million shares. If that breakout triggers soon, then GSK will set up to re-test or possibly take out its next major overhead resistance level at $46 to $47.05.

Krispy Kreme Doughnuts

Krispy Kreme Doughnuts (KKD) is a branded retailer and wholesaler of doughnuts, complementary beverages and treats and packaged sweets. The company's shops are operated under the trademark doughnuts such as Krispy Kreme and Original Glazed. This stock is trading up 4.8% at $12.67 in recent trading.

Today's Volume: 1.78 million

Average Volume: 1.15 million

Volume % Change: 173%

From a technical perspective, KKD is gapping higher here and into breakout territory above some near-term overhead resistance at $11.98 with high volume. This stock has been uptrending strong for the last month, with shares spiking higher from its low of $9.05 to its intraday high of $12.80. During that move, shares of KKD have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed KKD into overbought territory, since its current relative strength index reading is 79.45. Overbought can always get more overbought, so traders should continue to look for more upside in KKD.

2 of 3

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 17,227.43 +158.56 0.93%
S&P 500 2,001.83 +29.09 1.47%
NASDAQ 4,620.6680 +72.8340 1.60%

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