This Day On The Street
Continue to site
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

4 Stocks Rising on Big Volume

Traders should now look for long-biased trades in MGAM as long as it's trending above today's low of $15.31 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 184,844 shares as bullish. If MGAM can maintain that trend, then this stock will have a great chance of tagging $20 or higher in the near future.

Isis Pharmaceuticals

Isis Pharmaceuticals (ISIS) is engaged in antisense drug discovery and development, exploiting a novel drug discovery platform it created to generate a broad pipeline of first-in-class drugs. This stock closed up 9.7% at $14.69 on Wednesday's.

Wednesday's Volume: 8.86 million

Average Volume: 1.51 million

Volume % Change: 499%

Shares of ISIS soared higher after the FDA approved its newest gene-silencing drug, Kynamro. The drug treats a rare, inherited disorder that causes extremely high cholesterol levels by shutting down the gene's ability to send messages that propagate the disorder.

From a technical perspective, ISIS gapped higher right above some near-term support at $13 with monster upside volume. This move pushed shares of ISIS into breakout territory, since the stock cleared some near-term overhead resistance at $14.45.

ISIS hit an intraday high of $15.60 on Wednesday and closed above that near-term breakout level of $14.45. Shares of ISIS are now moving within range of triggering another major breakout trade. That trade will hit if ISIS manages to clear its 52-week high of $15.61 with high volume.

Traders should now look for long-biased trades in ISIS as long as it's trending above today's low of $14.27, and then once it sustains a move or close above $15.61 with volume that hits near or above 1.51 million shares. If that breakout hits soon, then ISIS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $18 to $20 in the near future.

To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.
3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AJG $47.06 1.44%
FIVE $41.17 0.73%
ISIS $35.25 -7.77%
MGAM $36.44 -0.03%
AAPL $94.19 -1.04%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs