GSV Capital

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GSV Capital ( GSVC) is an externally managed, non-diversified closed-end management investment company. This stock is trading up 6.5% at $18.91 in recent trading.

Today's Volume: 996,000

Average Volume: 796,434

Volume % Change: 108%

Shares of GSVC are skyrocketing today after Ascendiant Capital initiated coverage on the stock with a buy rating and a $20 price target. The analyst said GSVC's two largest investments are Twitter and Facebook, and the upcoming IPO for Facebook could be a catalyst to drive the stock higher if Facebook's valuation is above $110 billion.

From a technical perspective, GSVC is soaring here on above average volume, and the stock is quickly moving within range of a major breakout trade. That trade will hit once GSVC takes out some past overhead resistance at $20.39 to $20.89 with high-volume.

Traders should now look for long-biased trades off a sustained move or close above those levels on volume that's near or well above 796,434 shares. If we get that action soon, then GSVC will be trading in all-time high territory and the stock could easily hit $25 or higher very quickly.

To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to and maintains the website, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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