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TheStreet Open House

3 Tech Stocks Spiking on Big Volume


Fusion-IO ( FIO) is a provider of datacenter solutions that accelerate databases, virtualization, cloud computing, big data and the applications that help drive business from the smallest e-tailers to some of the largest data centers, social media leaders, and Fortune Global 500 businesses. This stock is trading up 3% at $15.60 in recent trading.

Today's Volume: 4.73 million
Average Volume: 3.38 million
Volume % Change: 130%

>>4 GARP Growers to Buy This Summer

From a technical perspective, FIO is trending higher here with above-average volume. This stock recently gapped down sharply from over $18 to $13.13 with heavy downside volume. Since that gap, shares of FIO have started to rebound and trade into that gap down zone and are now quickly approaching a near-term breakout trade. That trade will hit if FIO manages to take out its 50-day moving average at $16.32 with high volume.

Traders should now look for long-biased trades in FIO as long as it's trending above $15, and then once it sustains a move or close above $16.32 with volume that hits near or above 3.38 million shares. If that breakout triggers soon, then FIO will set up to re-fill more of that previous gap down zone that started just above $18.


SolarCity ( SCTY) is engaged in designing, sales, engineering, installation, monitoring, maintenance and financing of solar energy systems to residential and commercial customers, or sale of electricity generated by solar energy systems to customers. This stock is trading up 7.2% at $33.71 in recent trading.

Today's Volume: 1.56 million
Average Volume: 867,990
Volume % Change: 187%

From a technical perspective, SCTY is ripping higher here right above some near-term support at $39 with above-average volume. This stock has been uptrending strong for the last few weeks, with shares soaring higher from $24 to its all-time high of $39. During that uptrend, shares of SCTY have been mostly making higher lows and higher highs, which is bullish technical price action. Shares of SCTY have recently pulled back from $39 to its low of $30, but it's now starting to rebound and move within range of triggering a major breakout trade. That trade will hit if SCTY manages to take out some near-term overhead resistance levels at $37.50 to $39 with high volume.

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