8 Stocks Spiking on Unusual Volume
Written by: Roberto Pedone
Tickers in this article:
ITRI EBAY GRPN OSIR BVSN YNDX ACIW ICLR
Yandex(YNDX) operates an Internet search engine in Russia and internationally. This stock is trading up 5.5% at $18.54 in recent trading.
Today's Volume: 1.8 million
Average Volume: 1.6 million
Volume % Change: 122%
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From a technical perspective, YNDX is ripping higher here on above average volume. This move is coming off a near-term low of $16.65 that also coincided with an oversold condition. This stock recently became oversold once its RSI reading hit below 30.
Traders should now look for long-biased trades if YNDX can manage to trigger a near-term breakout trade. That trade will hit once YNDX takes out some near-term overhead resistance at $19.32 to $19.48 with high volume. Look for a sustained move or close above those levels with volume that's near or above 1.6 million shares. If we get that action soon, then YNDX could hit $21 to its 50-day moving average of $22.18 in the near future. Groupon