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

5 Unusual-Volume Stocks Triggering Breakout Trades

China Unicom

China Unicom (CHU - Get Report) provides cellular and fixed-line voice and related value-added services, broadband and other Internet-related services, ICT services, and business and data communications services in the PRC. This stock closed up 3.7% at $15.39 in Mondays trading session.

Mondays Volume: 1.59 million
Three-Month Average Volume: 510,256
Volume % Change: 204%

From a technical perspective, CHU spiked higher here right above its 200-day moving average of $14.66 with strong upside volume. This move is quickly pushing shares of CHU within range of triggering a near-term breakout trade. That trade will hit if CHU manages to take out Monday's intraday high of $15.62 to some more near-term overhead resistance levels at $15.94 to $16.08 with high volume.

Must Read: 3 Biotech Stocks Spiking on Big Volume

Traders should now look for long-biased trades in CHU as long as its trending above its 200-day at $14.66 and then once it sustains a move or close above those breakout levels with volume that hits near or above 510,256 shares. If that breakout hits soon, then CHU will set up to re-test or possibly take out its next major overhead resistance levels at $16.86 to $17.48. Any high-volume move above those levels will then give CHU a chance to tag $19 to $20.

3 of 6

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
HMIN $35.71 0.00%
CHU $11.48 -1.37%
DG $82.93 0.52%
HTHT $35.77 -1.08%
MCEP $3.37 -7.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs