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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

4 Stocks Spiking on Big Volume

Traders should now look for long-biased trades in FTI as long as it's trending above its 50-day at $51.81, and then once it sustains a move or close above $55.49 with volume that hits near or above 2.02 million shares. If that breakout triggers soon, then FTI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $60 to $63.

Newfield Exploration

Newfield Exploration (NFX) is an independent energy company, engaged in the exploration, development amd production of crude oil, natural gas and natural gas liquids. This stock is trading up 7.8% to $21.40 in recent trading.

Today's Volume: 4.08 million
Average Volume: 2.42 million
Volume % Change: 198%

Shares of NFX are ripping higher here after the company reported first-quarter earnings that beat Wall Street expectations, and said production was higher than forecasted. Net production of 11.7 million barrels of oil equivalent was at the high end of earlier forecasts and above what Wall Street analysts expected.

From a technical perspective, NFX is trending higher here right above its recent 52-week low of $19.57 with heavy upside volume. This stock has been downtrending badly for the last two months and change, with shares dropping from its high of $30.50 to its low of $19.57. During that move, shares of NFX have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of NFX looked poised to break that downtrend since the stock is breaking out above some near-term overhead resistance at $20.95.

Traders should now look for long-biased trades in NFX as long as it's trending above that breakout level of $20.95 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 2.42 million shares as bullish. If NFX can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $23 to $25.

To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.

Stock quotes in this article: NFX, FTI, LGF, OSIS 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim 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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David 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
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

All 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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our 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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs