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5 Tech Stocks Rising on Big Volume

OmniVision Technologies

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OmniVision Technologies ( OVTI) designs, develops and markets semiconductor image-sensor devices. This stock closed up 9.4% at $18.38 in Monday's trading session.

Monday's Volume: 3.66 million
Three-Month Average Volume: 1.27 million
Volume % Change: 282%

>>4 Huge Stocks on Traders' Radars

From a technical perspective, OVTI exploded sharply higher here right above some near-term support level at $16.50 to $16 and back above its 50-day moving average of $17.48 with strong upside volume. This move also pushed shares of OVTI into breakout territory, since the stock took out some near-term overhead resistance levels at $17.55 to $18. Shares of OVTI are now quickly moving within range of triggering another big breakout trade. That trade will hit if OVTI manages to take out more near-term resistance at $18.94 with high volume.

Traders should now look for long-biased trades in OVTI as long as it's trending above its 50-day at $17.48 and then once it sustains a move or close above $18.94 with volume that's near or above 1.27 million shares. If that breakout hits soon, then OVTI will set up to re-test or possibly take out its 52-week high at $20.48. Any high-volume move above $20.48 will then put its next major overhead resistance levels at $21.11 to $22 into range for shares of OVTI.
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KONG $0.00 0.00%
OVTI $29.38 1.49%
BITA $24.96 0.00%
LVLT $52.26 0.00%
N $81.04 0.00%


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