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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,947.95 -12.62 -0.07%
S&P 500 1,974.65 -3.69 -0.19%
NASDAQ 4,434.6430 -14.9210 -0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs