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 Spiking on Unusual Volume

Magnachip Semiconductor

Magnachip Semiconductor (MX - Get Report) is a designer and manufacturer of analog and mixed-signal semiconductor products for consumer applications. This stock is trading up 4.6% at $15.51 in recent trading.

Today's Volume: 3.47 million

Average Volume: 265,353

Volume % Change: 2657%

Shares of MX are spiking higher today after the company announced the pricing of a secondary offering of 5,000,000 shares of common stock at $14.50 per share.

From a technical perspective, MX is ripping higher here right above its 50-day moving average of $14.68 with monster upside volume. This move is quickly pushing shares of MX within range of triggering a major breakout trade. That trade will hit if MX manages to clear some key overhead resistance levels at $16.70 to $16.80 with high volume.

Traders should now look for long-biased trades in MX as long as it's trending above its 50-day at $14.68, and then once it sustains a move or close above those breakout levels with volume that hits near or above 265,353 shares. If that breakout triggers soon, then MX will set up to enter new 52-week high territory above $16.80, which is bullish technical price action. Some possible upside targets off that breakout are $18 to $20.

Consolidated Graphics

Consolidated Graphics (CGX) is a provider of commercial printing services with approximately 70 printing businesses strategically located across 27 states, one Canadian province, and in Prague, the Czech Republic. This stock is trading up 3.5% to $37.91 in recent trading.

Today's Volume: 143,000

Average Volume: 59,926

Volume % Change: 271%

Shares of CGX are trending higher today after the company beat Wall Street estimates for earnings per share by 48 cents and beat on revenue.

From a technical perspective, CGX is gapping higher here with above-average volume. This move has briefly pushed shares of CGX into breakout territory, since the stock has flirted with some near-term overhead resistance at $38.34. At last check, CGX has hit an intraday high of $40 and volume is well above its three-month average action of 59,926 shares.
2 of 3

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
CGX $64.84 -0.78%
LRN $9.60 0.00%
MX $4.87 0.00%
AAPL $94.02 0.00%
FB $104.07 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs