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!

4 Stocks Spiking on Unusual Volume

Magnachip Semiconductor

Magnachip Semiconductor (MX) 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

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

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