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5 Stocks Spiking on Big Volume

Stocks in this article: ARUN DOLE ECPG VAC TFM

Encore Capital Group

Encore Capital Group (ECPG), a systems-driven purchaser and manager of charged-off consumer receivable portfolios, is trading up 1.9% at $30.20 in recent trading.

Today's Volume: 357,000

Average Volume: 268,458

Volume % Change: 153%

From a technical perspective, ECPG is moving modestly higher here right above some near-term support at $28.77 with above-average volume. This move is quickly pushing shares of ECPG within range of triggering a major breakout trade. That trade will hit if ECPG manages to take out some near-term overhead resistance levels at $31 to $31.49 with high volume.

Traders should now look for long-biased trades in ECPG as long as it's trending above that key near-term support level at $28.77, and then once it sustains a move or close above those breakout levels with volume that hits near or above 268,458 shares. If that breakout triggers soon, then ECPG will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $33 to $35 in the near future.

Fresh Market

Specialty grocery retailer Fresh Market (TFM) is trading up 2.1% at $48.68 in recent trading.

Today's Volume: 633,000

Average Volume: 574,025

Volume % Change: 73%

From a technical perspective, TFM is moving modestly higher here right off some near-term support at around $48 with above-average volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $44.65 to its recent high of $49.21. During that move, shares of TFM have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of TFM within range of triggering a near-term breakout trade. That trade will hit if TFM manages to take out some near-term overhead resistance at $49.21 to its 50-day at $50.78 and then once it clears more resistance at $51.10 with high volume.

Traders should now look for long-biased trades in TFM as long as it's trending above today's low of $47.63, and then once it sustains a move or close above those breakout levels with volume that hits near or above 574,025 shares. If that breakout triggers soon, then TFM will set up to re-test or possibly take out its 200-day moving average of $54.38. Any high-volume move above $54.38 will then give TFM a chance to re-fill some of its gap down zone from last November that started at $62.

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