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TheStreet Open House

5 Stocks Spiking on Unusual Volume

Traders should now look for long-biased trades in RPXC as long as it's trending above today's low of $13.85 and then once it sustains a move or close above $14.42 to $15.11 with volume that hits near or above 295,879 shares. If that breakout triggers soon, then RPXC will set up to re-test or possibly take out its next major overhead resistance levels at $15.52 to $17.75.

Spirit Airlines

Spirit Airlines ( SAVE) provides passenger airline service principally to and from south Florida, the Caribbean and Latin America. This stock is trading up 2.8% at $27.47 in recent trading.

Today's Volume: 1.21 million
Average Volume: 611,457
Volume % Change: 199%

Shares of SAVE are trending higher today after the company delivered a profit and beat Wall Street's expectations, and beat the revenue expectation. Revenue jumped 22.85% to $370.4 million from the year-earlier period.

From a technical perspective, SAVE is bouncing higher here and breaking out to new all-time highs above some near-term overhead resistance levels at $26.84 to $26.87 with heavy upside volume. At last check, SAVE has hit an intraday high of $28.32 and volume is well above its three-month average action of 611,457 shares.

Traders should now look for long-biased trades in SAVE as long as it's trending above today's low of $26.64 and then once it sustains a move or close above $26.87 to $28.32 with volume that hits near or above 611,457 shares. If SAVE can maintain this move, then this stock will set up to trend well north of $30 in the near future.

Devon Energy

Devon Energy ( DVN) is an independent energy company engaged mainly in the exploration, development and production of oil, natural gas and NGLs. This stock is trading up 1.7% at $56.02 in recent trading.

Today's Volume: 5.19 million
Average Volume: 3.83 million
Volume % Change: 146%

Shares of DVN are moving higher today after the CEO said tax changes will allow the repatriation of $2 billion of foreign cash. The CEO said the company will use repatriated cash to pay back short-term borrowings.

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