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

3 Big Stocks Rising on Big Volume

Canadian Solar

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

Get Adobe Flash player

Canadian Solar ( CSIQ) designs, develops, manufactures and sells solar cell and solar module products that convert sunlight into electricity. This stock closed up 13.1% at $10.10 on Wednesday.

Wednesday's Volume: 6.99 million
Average Volume: 2.04 million
Volume % Change: 184%

Shares of CSIQ ripped higher on Wednesday after the company announced a new deal with Samsung Renewable Energy to open a new manufacturing facility in London, Ontario.

>>4 Tech Stocks Under $10 to Watch

From a technical perspective, CSIQ soared higher right above some near-term support at $8.30 with heavy upside volume. This stock has been trending sideways for the last month, with shares moving between $8.30 on the downside and $10.65 on the upside. Shares of CSIQ are now quickly moving within range of triggering a near-term breakout trade above the upper end of its sideways chart pattern. That breakout will hit if CSIQ manages to take out some near-term overhead resistance levels at $10.56 to its 52-week high at $10.65 with high volume.

Traders should now look for long-biased trades in CSIQ as long as it's trending above $9 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.04 million shares. If that breakout triggers soon, then CSIQ will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $12 to $13. Any high-volume move above those levels will then put its next significant overhead resistance levels at $14 to $16 into range for shares of CSIQ.
2 of 4

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
NYX $0.00 0.00%
AGN $320.26 0.00%
CSIQ $22.31 0.00%
AAPL $118.03 0.00%
FB $105.41 0.00%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs