7 Stocks Surging Higher on Big Volume
From a technical perspective, AEGN is continuing its uptrend here right after the stock recently found buying interest off its 50-day moving average of $16.97. This move is now pushing AEGN within range of triggering a near-term breakout trade. That trade will trigger once AEGN takes out some near-term overhead resistance at $18.94 with high volume.
Traders should now look for long-biased trades in AEGN as long as its trending above its 50-day, and once it sustains a move or close above $18.94 with high volume. Look for volume on that move that's near or above its three-month average action of 180,169 shares. If we get that action soon, then look for AEGN to re-test and possibly take out its 2012 high of $20.25. Garmin
Garmin (GRMN) is a provider of navigation, communication and information devices and applications, which are enabled by GPS technology. This stock is trading up 1.4% at $39.17 in recent trading.
Today's Volume: 3.2 million
Average Volume: 1.1 million
Volume % Change: 247%
Shares of GRMN are moving notably higher here after the company crushed Wall Street estimates with 70% earnings growth in the second quarter as the personal navigation maker registered an increase in revenue and market-share gains.