3 Stocks Spiking on Unusual Volume
ChinaCache International (CCIH_) , through its subsidiaries, provides content and application delivery services in the People's Republic of China. This stock closed up 4.2% at $16.31 in Monday's trading session.
Monday's Volume: 586,000
Three-Month Average Volume: 343,128
Volume % Change: 55%
From a technical perspective, CCIH spiked sharply higher here with above-average volume. This uptick on Monday briefly pushed shares of CCIH into breakout territory, since the stock flirted with some near-term overhead resistance at $16.79. Shares of CCIH tagged an intraday high of $17.17, before closing well off that level at $16.31. This move is now starting to push shares of CCIH within range of triggering a much bigger breakout trade. That trade will hit if CCIH manages to take out Monday's intraday high of $17.17 and then once it clears more key resistance levels at $17.50 to $18.16 with high volume.
Traders should now look for long-biased trades in CCIH as long as it's trending above $15 or above its 50-day moving average at $14.11 and then once it sustains a move or close above those breakout levels with volume that hits near or above 343,128 shares. If that breakout gets underway soon, then CCIH will set up to re-test or possibly take out its next major overhead resistance levels at $20.35 to $22, or even $23.50.
The question here is how high will it go?
20+? We shall see
I'm looking at the chart below and it looks very healthy
Boy, boy, what do we have here. A good earnings will always push the stock up, especially the company is now profitable. Heck, yeah.
Tony, your life is so sad, isn't it? Nobody responds to any of your email so you have to create multiple of them to talk to yourself.
Nope. Macau is so strong, just beating numbers quarters after quarters.
We just need to go with the flow. Just look at GOOG, FB, etc ... just continue to go up & up & up
Correct me if I'm wrong, but where did you see the religious right oppose on the online poker?
Actually bret, we can still buy or sell in AH trading on the stocks, but not the options
Good luck to us all tomorrow
Follow the sequence ... I was talking to foggy.
He/she said "looks like whole market will continue down through friday at least"
Mpel HK 06883 is up 1.85 this very moment
Sands China 01928 is up 3.55 this very moment
Let us hope MPEL & LVS will following their footsteps tomorrow