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.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
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.
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
