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3 Tech Stocks Spiking on Big Volume

Diodes

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Diodes ( DIOD) is a manufacturer and supplier of application specific standard products within the broad discrete, logic and analog semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. This stock is trading up 8.2% at $22.30 in recent trading.

Today's Volume: 369,000
Average Volume: 231,446
Volume % Change: 157%

Shares of DIOD are soaring higher here after Robert W. Baird upgraded the stock to outperform from neutral and raised its price target to $29 from $20.

>>5 Stocks Poised for Breakouts

From a technical perspective, DIOD is gapping sharply higher here and entering breakout territory above some near-term overhead resistance levels at $21.64 to $21.66 with above-average volume. This move has pushed shares of DIOD into new 52-week high territory, which is bullish technical price action.

Traders should now look for long-biased trades in DIOD as long as it's trending above those key near-term breakout levels, and then once it sustains a move or close above its 52-week high at $22.46 with volume that hits near or above 231,446 shares. If DIOD can maintain this move, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $25 to $27.50.
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SYM TRADE IT LAST %CHG
AMBA $73.15 0.00%
AZPN $38.21 0.00%
DIOD $21.81 0.00%
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FB $88.15 0.00%

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Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

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