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4 Stocks Spiking on Big Volume

Traders should now look for long-biased trades in LGF as long as it's trending above $22 or $21.50 and then once it sustains a move or close above $23.45 with volume that hits near or above 1.85 million shares. If that breakout triggers soon, then LGF will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $25 to $27.

Calamos Asset Management

Calamos Asset Management (CLMS - Get Report) is a global asset management firm that provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. This stock closed up 5.2% at $12.03 on Monday.

Monday's Volume: 601,000

Average Volume: 204,521

Volume % Change: 165%

From a technical perspective, CLMS ripped higher here above some near-term support at $11.25, and the stock broke out above some near-term overhead resistance levels at $11.74 to $11.93 with above-average volume. This stock finished the trading session at $12.03, which was about 20 cents off its intraday high of $12.26.

Traders should now look for long-biased trades in CLMS as long as it's trending above those breakout levels at $11.74 to $11.93, or above Monday's low at $11.41 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 204,521 shares as bullish. If CLMS can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $12.81 to $13.42. Any high-volume move above $13.42 will then put $13.74 to $14.40 into range for shares of CLMS.

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.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including and . You can follow Pedone on Twitter at or @zerosum24.
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CLMS $7.54 -1.00%
CSTE $38.23 2.00%
IMMR $7.28 2.70%
LGF $21.75 -0.05%
AAPL $93.21 -0.44%


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