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4 Stocks Spiking on Big Volume

CaesarStone Sdot-Yam

CaesarStone Sdot-Yam (CSTE - Get Report) manufactures engineered quartz surfaces used in both residential and commercial buildings as countertops, vanities, wall cladding, floors and other interior surfaces. This stock closed up 2.7% to $25.40 on Monday.

Monday's Volume: 150,000

Average Volume: 62,490

Volume % Change: 110%

From a technical perspective, CSTE bounced higher here right above some near-term support at $24.18 with above-average volume. This stock has been uptrending strong for the last six months, with shares soaring higher from its low of $14.07 to its recent high of $25.75. During that move, shares of CSTE have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of CSTE within range of triggering a near-term breakout trade. That trade will hit if CSTE manages to take out its all-time high at $25.75 with high volume.

Traders should now look for long-biased trades in CSTE as long as it's trending above $24.18 to $23 and then once it sustains a move or close above $25.75 with volume that hits near or above 62,490 shares. If that breakout hits soon, then CSTE will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $30 to $32.

Lions Gate Entertainment

Lions Gate Entertainment (LGF - Get Report) is an entertainment company with a presence in motion picture production and distribution, television programming and syndication, home entertainment, new channel platforms and international distribution and sales. This stock closed up 3.9% at $23.20 on Monday.

Monday's Volume: 2.70 million

Average Volume: 1.85 million

Volume % Change: 103%

From a technical perspective, LGF bounced higher here right above some near-term support at $22 with heavy upside volume. This stock has been uptrending strong for the last four months, with shares ripping higher from its low of $15.26 to its recent high of $23.45. During that move, shares of LGF have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of LGF within range of triggering a near-term breakout trade. That trade will hit if LGF manages to take out its 52-week high of $23.45 with high volume.

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SYM TRADE IT LAST %CHG
CLMS $12.48 1.30%
CSTE $60.20 0.05%
IMMR $10.16 0.79%
LGF $31.58 -0.85%
AAPL $132.85 0.15%

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DOW 18,079.91 +41.94 0.23%
S&P 500 2,112.89 +3.97 0.19%
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