Nearest Support: $33
Catalyst: Analyst Downgrade >>3 Tech Stocks Spiking on Big Volume Oracle ( ORCL) is used to being one of the most heavily traded names on the Nasdaq, but it's getting some added attention this afternoon after the firm's analyst downgrade at German financial group Berenberg. Oracle's price action hasn't exactly been stellar in 2013 -- the $156 billion enterprise software giant is effectively flat on a year when the S&P 500 has rallied double-digits. And the analyst downgrade is holding shares down another 2% as of this writing. But at least today's dip isn't technically significant. Oracle has been in a strong uptrend since it bottomed out at the end of March, catching a bid each time shares slipped down to trendline support. While today's selling is giving Oracle another test, I wouldn't be too concerned unless shares slip under support at $33.
Nearest Support: $17.50
Catalyst: Guidance Beat >>5 Rocket Stocks to Buy in June The exact opposite is happening over at Hanover, M.D.-based Ciena ( CIEN). Shares are up more than 14% this afternoon following the company's second-quarter earnings call. While the firm missed analysts' expectations of a 1-cent loss per share (it actually lost 27 cents), guidance numbers put investors in buy mode today. That frenzy to pick up shares is sending CIEN to a new 52-week high on high volume. Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year is sitting on gains. As a result, the "back to even" mentality is less of a concern than it would be for a name with a higher proportion of shareholders sitting on losses. Risk-tolerant traders can enter a position here with a tight stop in place.
Nearest Support: $65
Catalyst: Buyout Rumors >>5 Defensive Stocks to Protect Your Portfolio Gains Home beverage device company Sodastream International ( SODA) has been a stellar momentum name for 2013. Shares of the $1.5 billion company have rallied more than 63% year-to-date. And today, rumors of a potential buous offer from PepsiCo ( PEP) are sending shares of SODA up another 5.6% on heavy trading volume. Sodastream's management has already waved off the buyout rumors as untrue, but the potential for SODA to become an acquisition target has clearly affected investors who continue to pile into the stock. SODA's new highs are bullish for the exact same reason that the new highs in CIEN are. Even though this stock has made a colossal run, experienced traders may want to consider a starter position in this stock. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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