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

5 Stocks Rising on Unusual Volume

Iconix Brand Group

Iconix Brand Group (ICON - Get Report) is a brand management company involved in licensing, marketing and providing trend direction for a portfolio of consumer brands. This stock is trading up 4.3% at $24.31 in recent trading.

Today's Volume: 8.47 million

Average Volume: 655,174

Volume % Change: 1978%

Shares of ICON are moving sharply higher today after the company announced the pricing of $350 million in convertible notes, and said it will use $69 million of the proceeds to repurchase common stock.

From a technical perspective, ICON is ripping higher here right off its 50-day moving average of $23.55 with monster upside volume. This move is quickly pushing shares of ICON within range of triggering a major breakout trade. That trade will hit if ICON manages to clear its 52-week high at $24.92 with high volume. At last check, ICON has hit an intraday high of $24.79 and volume is dramatically above its three-month average action of 655,174 shares.

Traders should now look for long-biased trades in ICON as long as it's trending above its 50-day at $23.55, and then once it sustains a move or close above its 52-week high at $24.92 with high volume that hits near or above 655,174 shares. If that breakout triggers soon, then ICON will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $26 to $30.


Copart (CPRT - Get Report) is a provider of online auctions and vehicle remarketing services in the U.S., Canada and the United Kingdom. This stock is trading up 3.7% to $33.42 in recent trading.

Today's Volume: 1.45 million

Average Volume: 943,897

Volume % Change: 125%

From a technical perspective, CPRT is ripping higher here right above some near-term support at $31.30 with above-average volume. This stock has been downtrending badly for the last month and change, with shares moving lower from its 52-week high of $37.47 to its recent low of $31.30. During that move, shares of CPRT were mostly making lower highs and lower lows, which is bearish technical price action. Shares of CPRT are now starting to rebound off that $31.30 low and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if CPRT manages to take out its 50-day moving average of $33.43 with high volume.
2 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
BWC $0.00 0.00%
CPRT $33.16 -2.80%
ICON $6.79 -3.00%
KORS $51.85 0.25%
PHMD $0.41 -4.70%


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