4 Stocks Rising on Unusual Volume
Traders should now look for long-biased trades in WMT as long as it's trending above its 200-day at $70.14 and then once it sustains a move or close above those breakout levels with volume that hits near or above 8.81 million shares. If that breakout triggers soon, then WMT will set up to re-test or possibly take out its next major overhead resistance levels at $73.87 to $75.
Linn Energy
Linn Energy (LINE), an independent oil and natural gas company, seeks to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. This stock is trading up 2% at $37.39 in recent trading.
Today's Volume: 3.16 million
Average Volume: 1.71 million Volume % Change: 166% Shares of LINE are spiking higher today after the company agreed to purchase Berry Petroleum for $2.42 million in stock to increase is proven reserves by 34%. From a technical perspective, LINE is bouncing higher here back above both its 50-day moving average at $36.68 and its 200-day moving average at $37.25 with heavy upside volume. This move is quickly pushing the stock within range of triggering a near-term breakout trade., which will hit if LINE manages to take out some near-term overhead resistance levels at $38.50 to $38.77 and then once it takes out more resistance at $39.47 with high volume. Traders should now look for long-biased trades in LINE as long as it's trending above $37.35 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.71 million shares. If that breakout triggers soon, then LINE will set up to re-test or possibly take out its next major overhead resistance levels at $41.60 to $42.57. To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.Follow Stockpickr on Twitter and become a fan on Facebook.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim 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
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
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
Stocks Under $10
TRY IT FREEDavid 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
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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 + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur 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
