KIT digital ( KITD), through its operating subsidiaries, provides enterprise clients an end-to-end technology platform for managing IP-based video assets across the browser, mobile device and Internet protocol television set-top box-enabled television set. The stock is trading up 28% at $10.76 in recent trading. Today's Volume: 3,060,000 Average Volume: 549,615 Volume % Change: 1319% This stock is soaring today after the company reported record third quarter earnings. Revenue for the third quarter jumped 29% sequentially to a record $62.3 million from $48.2 million in the previous quarter, and revenue increased 124% from $27.2 million in the same quarter last year. From a technical standpoint, this stock broke out today above some past overhead resistance at $9.50 to $9.70 on monster volume. The next key technical levels that traders should be watching for are at the 200-day moving average of $11.20 and at $11.37, which is the next significant resistance. >>5 Stocks Under $5 Trading at Huge Discounts If KITD can manage to move above those levels, preferably after consolidating some of today's huge gains, then this stock can make a run at $13 or even higher. Diamond FoodsDiamond Foods ( DMND) is a packaged food company focused on building, acquiring and energizing brands. Diamond specializes in processing, marketing and distributing snack products and culinary, in-shell and ingredient nuts. The stock is trading up 4.5% at $40.49 in recent trading. Today's Volume: 1,410,000 Average Volume: 853,367 Volume % Change: 199% From a technical standpoint, this stock is the poster child of an oversold equity. Shares dropped from its September high of $96.07 to a recent low of $38.45. The current relative strength index for DMND shows a reading of 20, which is an extremely oversold level. Market players might want to consider this name for an oversold rebound play since with the market down large today, DMND is starting to move up on heavy volume. Simply use that low of $38.45 as a mental stop in case the stock isn't done going down.