Let's take a look at several stocks that are trading on unusual volume.
Regenxbio's (RGNX) strong upside volume is now quickly pushing this stock within range of triggering a near-term breakout trade. Traders should now look for long-biased trades in Pure Storage (PSTG) as long as it's trending above Tuesday's intraday low of $10.07. And look for long-biased trades in Calavo Growers (CVGW) as long as it's trending above $54.
Century Communities (CCS) spiked notably higher on Tuesday and broke out into new all-time-high territory above $24.07 with strong volume. Dish Network (DISH) gapped up sharply higher on Tuesday, back above its 20-day moving average of $61.97, with monster upside volume. Momo (MOMO) gapped higher on Tuesday and broke out into new all-time-high territory with big volume flows.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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