This Day On The Street
Continue to site
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

4 Stocks Rising on Unusual Volume

Mellanox Technologies

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Mellanox Technologies ( MLNX) produces and supplies semiconductor interconnect products that facilitate efficient data transmission between servers, storage systems and communications infrastructure equipment and other embedded systems. This stock closed up 1.4% at $47.80 on Wednesday.

Wednesday's Volume: 1.66 million
Average Volume: 714,189
Volume % Change: 171%

>>5 Stocks With Big Insider Buying

From a technical perspective, MLNX bounced notably higher here right above some near-term support at $45.47 with above-average volume. This stock has been downtrending badly for the last month, with shares falling from its high of $58.98 to its recent low of $45.47. During that move, shares of MLNX have been mostly making lower highs and lower lows, which is bearish technical price action.

That said, shares of MLNX have now moved into oversold levels since its current relative strength index reading is 34. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful bounce higher from.

Traders should now look for long-biased trades in MLNX as long as it's trending above some key near-term support levels at $46 or $45.47 and then once it sustains a move or close above Wednesday's high of $50.98 to some more near-term resistance at $52 with volume that hits near or above 714,189 shares. If we get that move soon, then MLNX will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day moving average of $54.73 to $56.39. Any high-volume move above those levels will then put its next major overhead resistance level at $59 into range for shares of MLNX.
2 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AMRI $15.05 0.00%
ESI $2.15 0.00%
ICLR $67.58 0.00%
MLNX $43.25 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs