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
TheStreet Open House

4 Stocks Spiking on Unusual Volume

Traders should now look for long-biased trades in CHK as long as it's trending above today's low of $19.90, and then once it sustains a move or close above $21.55 with volume that hits near or above 13.47 million shares. If that breakout triggers soon, then CHK will set up to re-test or possibly take out its next major overhead resistance levels at $24 to $25.72.


Silgan (SLGN) is a manufacturer of metal and plastic consumer goods packaging products. This stock closed up 1.7% at $42.75 on Wednesday.

Wednesday's Volume: 1.06 million

Average Volume: 234,736

Volume % Change: 318%

Shares of SLGN moved higher after the company reported record adjusted net income per share of $2.70 and record free cash flow per share that doubled to $4.35.

From a technical perspective, SLGN trended higher and back above its 200-day moving average of $42.65 with above-average volume. This move briefly pushed SLGN into breakout territory, since the stock cleared its 50-day moving average at $42.98 and since it took out some near-term overhead resistance levels at $43.30 to $43.34.

SLGN closed below all of those levels but above its daily low of $42.01. Shares of SLGN are starting to move within range of triggering another breakout trade. That trade will hit if SLGN manages to take out today's high of $44.34 and then some more overhead resistance levels at $45.05 to $45.07 with high volume.

Traders should now look for long-biased trades in SLGN as long as it's trending above its 200-day at $42.65, and then once it sustains a move or close above those breakout levels with volume that hits near or above 234,736 shares. If that breakout triggers soon, then SLGN will set up to re-test or possibly take out its next major overhead resistance level at $46.

Approach Resources

Approach Resources (AREX) is an independent energy company engaged in the exploration, development, production and acquisition of unconventional natural gas and oil properties in the U.S. and British Columbia. This stock closed up 3.5% at $26.61 on Wednesday.

2 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

Brokerage Partners

Rates from

  • 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