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

3 Tech Stocks Spiking on Unusual Volume

SouFun Holdings

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

SouFun Holdings (SFUN - Get Report) operates a real estate Internet portal in China, as well as a home furnishing and improvement Web site. This stock is trading up 4.9% at $27.43 in recent trading.

Today's Volume: 363,000

Average Volume: 313,948

Volume % Change: 93%

Shares of SFUN are spiking higher today after the company reported adjusted net income of 79 cents per share, topping Wall Street analyst estimates of 62 cents per share, while revenue of $147.7 million beat the forecast for $138.29 million.

>>5 Stocks Poised to Pop on Bullish Earnings

From a technical perspective, SFUN is trending up here right above its 50-day moving average of $25.39 with above-average volume. This move is starting to push shares of SFUN outside of its recent consolidation pattern and within range of triggering a major breakout trade. That trade will hit if SFUN manages to take out some near-term overhead resistance levels at $28.50 to $29.16 with high volume.

Traders should now look for long-biased trades in SFUN as long as it's trending above its 50-day at $25.39 and then once it sustains a move or close above those breakout levels with volume that hits near or above 313,948 shares. If that breakout triggers soon, then SFUN will set up to enter new 52-week- and all-time-high territory above $29.16, which is bullish technical price action. Some possible upside targets off that breakout are $32 to $35 in the near future.
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
FSLR $52.85 0.00%
INVN $7.61 0.00%
SFUN $5.75 0.00%
AAPL $94.98 -0.21%
FB $116.77 -0.56%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs