This Day On The Street
Continue to site right-arrow
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

Stocks in this article: AGN CSIQ NYX


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

Get Adobe Flash player

Allergan ( AGN) is a multi-specialty health care company develops and commercializes innovative pharmaceuticals, biologics and medical devices. This stock closed up 1.8% to $86.81 on Wednesday.

Wednesday's Volume: 5.14 million
Average Volume: 2.56 million
Volume % Change: 132%

Shares of AGN trended slightly higher today despite the fact that Wells Fargo downgraded the stock to market perform from outperform.

>>3 Health Care Stocks Trending Higher

From a technical perspective, AGN bounced modestly higher here right off of $85 with above-average volume. This stock has been downtrending badly for the last few weeks, with shares plunging lower from its high of $102.94 to its recent low of $81.33. During that downtrend, shares of AGN have been consistently making lower highs and lower lows, which is bearish technical price action. That move also pushed shares of AGN into oversold territory, since its relative strength index reading dipped well below 30. Oversold can always get move oversold, but shares of AGN have started to rebound and move within range of triggering a near-term breakout trade. That trade will hit if AGN manages to take out its recent gap down day high of $88.24 with high volume.

Traders should now look for long-biased trades in AGN as long as it's trending above $85 and then once it sustains a move or close above its gap down day high of $88.24 with volume that hits near or above 2.56 million shares. If that breakout triggers soon, then AGN will set up to re-fill some of its previous gap down zone that started near $95. Any high-volume move above $95 will then give AGN a chance to re-test or possibly take out its 200-day moving average at $99.99.

To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Madison, Wis.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Madison, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including and You can follow Pedone on Twitter at or @zerosum24.

4 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • 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