8 Stocks Rising on Huge Volume
Traders should now look for long-biased trades if AMAG can manage to sustain a move or close above its 200-day at $15.99 and its 50-day at $16.05 with high-volume. Look for volume that's near or well above 113,246 shares. If we get that action soon, look for AMAG to make a run at $17 to $18 in the near-term. Microsoft
Microsoft(MSFT) develops, licenses and supports software products and services. It designs and sells hardware, and delivers online advertising to the customers. This stock is trading up 5.4% at $32.69 in recent trading.
Today's Volume: 56.3 million
Average Volume: 48 million
Volume % Change: 160%
Shares of MSFT are ripping higher today after the company said it earned $5.11 billion, or 60 cents a share, on $17.41 billion in revenue. During the same period last year, MSFT earned $5.23 billion, or 61 cents a share, on sales of $16.4 billion.
From a technical perspective, MSFT is gapping up strong today back above its 50-day moving average of $31.62 on monster volume. This move is quickly pushing MSFT within range of triggering a near-term breakout trade. That trade will hit once MSFT takes out some near-term overhead resistance at $32.70 to $32.95 with high-volume.