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

4 Stocks Spiking on Unusual Volume

Bitauto (BITA - Get Report) provides Internet content and marketing services for the automotive industry primarily in the People's Republic of China. This stock closed up 5.4% at $50.67 in Friday's trading session.

Friday's Volume: 1.59 million
Three-Month Average Volume: 952,700
Volume % Change: 66%

From a technical perspective, BITA ripped higher here and broke out above some near-term overhead resistance at $49.67 with above-average volume. This sharp spike higher on Friday pushed shares of BITA into new 52-week-high territory, which is bullish technical price action. Market players should now look for a continuation move to the upside in the short-term if BITA manages to clear Friday's intraday high of $51.25 with high volume.

Traders should now look for long-biased trades in BITA as long as it's trending above Friday's intraday low of $48 and then once it sustains a move or close above $51.25 with volume that's near or above 952,700 shares. If that move starts soon, then BITA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $55 to $60.

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
AMZN $669.64 1.60%
BITA $25.56 0.59%
MEMP $2.61 1.20%
SPTN $27.00 0.11%
AAPL $92.29 -1.00%


Chart of I:DJI
DOW 17,689.82 +29.11 0.16%
S&P 500 2,049.53 -1.10 -0.05%
NASDAQ 4,708.3390 -8.7550 -0.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs