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

Get Adobe Flash player

Zoltek ( ZOLT) is an applied technology and advanced materials company. The stock is trading up 10.8% at $14.53 in recent trading.

Today's Volume: 1.3 million

Average Volume: 334,511

Volume % Change: 503%

From a technical standpoint, ZOLT has made a monster move on huge volume in the past few trading sessions with shares trading up from under $10 to its current price of around $14.50. This big run has now pushed ZOLT into overbought territory since the stock's relative strength index (RSI) is 88.

>>7 Relative Strength Stocks to Beat the Market

I would be careful initiating new long positions on ZOLT with such a high RSI reading, unless they are for very short-term intraday trades. Keep in mind that ZOLT is also close to testing some major overhead resistance at $16.06.

If you liked this article you might like

What Happened to American Society Is Happening to the Stock Market, Too: Market Recon

Pandora's New CEO: We Want to 'Nail' This Part of the Music Industry

S&P 500 and Nasdaq Say Goodbye to Record Highs as Energy Disappoints