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TheStreet Open House

4 Stocks Spiking on Big Volume

Wolverine World Wide

Wolverine World Wide (WWW) is a designer, manufacturer and marketer of a range of quality casual shoes, rugged outdoor and work footwear. This stock is trading up 3.7% at $44.51 in recent trading.

Today's Volume: 1.42 million

Average Volume: 521,726

Volume % Change: 302%

From a technical perspective, WWW is soaring higher here right off its 200-day moving average of $42.31 with above-average volume. This move has started to push shares of WWW into breakout territory, since the stock has flirted with some near-term overhead resistance levels at $44.05 to $44.76 and $45.02 to 45.49. At last check, WWW has hit an intraday high of $45.61 and volume is well above its three-month average action of 521,726 shares.

Traders should now look for long-biased trades in WWW as long as it's trending above $44.05, and then once it sustains a move or close above $44.76 to $45.61 with volume that hits near or above 521,726 shares. If that breakout triggers soon, then WWW will set up to re-fill some of its previous gap down zone from last September that started above $47.

Trex

Trex (TREX) is a manufacturer of wood-alternative decking, railing, fencing and trim products, which are marketed under the brand name Trex. This stock is trading up 3.5% to $45.90 in recent trading.

Today's Volume: 741,000

Average Volume: 234,158

Volume % Change: 302%

From a technical perspective, TREX is bouncing higher here right above its 50-day moving average of $40.23 with above-average volume. This stock has been uptrending strong for the last five months, with shares soaring higher from its low of $24.51 to its intraday high of $46.12. During that move, shares of TREX have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now started to push shares of TREX into breakout territory, since the stock has taken out its previous 52-week high of $45.48.

Traders should now look for long-biased trades in TREX as long as it's trending above $45.48, and then once it sustains a move or close above today's high of $46.12 with volume that hits near or above 234,158 shares. If that breakout triggers soon, then TREX will set up to enter new 52-week high territory above $46.12, which is bullish technical price action. Some possible upside targets off that breakout are $49 to $50 in the near future.

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