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4 Stocks Spiking on Big Volume

Today's Volume: 6.68 million

Average Volume: 4.95 million

Volume % Change: 121%

From a technical perspective, JDSU is trending higher here above some past resistance at $13.50 with above-average volume. This stock has been uptrending for the last few weeks, with shares moving higher off its 200-day moving average at $12.36 to its intraday high of $14.24. During that uptrend, shares of JDSU have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of JDSU within range of triggering a near-term breakout trade. That trade will hit if JDSU manages to take out its 50-day moving average at $14.35 with high volume.

Traders should now look for long-biased trades in JDSU as long as it's trending above $13.50, and then once it sustains a move or close above its 50-day at $14.35 with volume that hits near or above 4.95 million shares. If that breakout hits soon, then JDSU will set up to re-test or possibly take out its next major overhead resistance levels at $15.55 to $15.63. Any high-volume move above $15.63 will then push JDSU into new 52-week-high territory. That move will put $17 into range for shares of JDSU.


Greenhill (GHL - Get Report) is an investment bank providing financial advice on significant mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments. This stock is trading up 1.4% at $51.86 in recent trading.

Today's Volume: 357,000

Average Volume: 266,107

Volume % Change: 120%

From a technical perspective, GHL is bouncing higher here right off some near-term support at $50 with above-average volume. This stock has been downtrending badly for the last month and change, with shares moving lower from its high of $60.84 to its recent low of $49.23. During that move, shares of GHL have been consistently making lower highs and lower lows, which is bearish technical price action. That said, GHL has started to bounce off its recent lows and it's now quickly moving within range of triggering a near-term breakout trade. That trade will hit if GHL manages to take out some near-term overhead resistance levels at $52 to $53.82 with high volume.
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JDSU $6.51 -2.40%
CLVS $13.91 -3.94%
GHL $22.02 -0.18%
SM $31.16 2.77%
AAPL $93.74 -1.15%


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