Momentum Ideas: Tuesday’s High Volume Gainers

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After a four-day decline, yesterday appeared to be the day we were going to end such bad record. However, during the last hours of trading, gains turned around and most indices ended below their opening price.

With that said, there were still some candidates that manage to rally accompanied by a significant volume – relative to their 3 month average. We have gathered those names for this list.

We also created a price-weighted index of the stocks mentioned below, and monitored the performance of the list relative to the S&P 500 index over the last month. To access a complete analysis of this list's recent performance, click here.

Considering this information, do you think these stocks will continue to outperform the market in the coming sessions?

Analyze These Ideas (Tools Will Open In A New Window)

1. Access a thorough description of all companies mentioned

2. Compare analyst ratings for all stocks mentioned below 

3. Visualize market cap changes for the top stocks mentioned

List sorted by percentage change from the open.

1. Exelixis, Inc. (EXEL): Biotechnology Industry. Market cap of $1.25B. Relative volume at 3.12, gained 12.31% from open. The stock is a short squeeze candidate, with a short float at 12.74% (equivalent to 8.43 days of average volume). After a solid performance over the last year, EXEL has pulled back during recent sessions. The stock is -11.25% below its SMA20 and -13.83% below its SMA50, but remains 22.3% above its SMA200. The stock has performed poorly over the last month, losing 10.87%.

2. Pharmacyclics Inc. (PCYC): Drug Manufacturers - Other Industry. Market cap of $470.63M. Relative volume at 4.92, gained 10.47% from open. The stock is a short squeeze candidate, with a short float at 8.11% (equivalent to 10.1 days of average volume). Exhibiting strong upside momentum--currently trading 14.92% above its SMA20, 22.12% above its SMA50, and 24.3% above its SMA200. The stock has had a couple of great days, gaining 10.62% over the last week.

3. Walter Investment Management Corp. (WAC): Asset Management Industry. Market cap of $461.03M. Relative volume at 3.54, gained 10.3% from open. The stock has gained 10.57% over the last year.

4. Magma Design Automation Inc. (LAVA): Business Software & Services Industry. Market cap of $506.86M. Relative volume at 3.18, gained 10.16% from open. This is a risky stock that is significantly more volatile than the overall market (beta = 2.03). Exhibiting strong upside momentum--currently trading 16.94% above its SMA20, 16.69% above its SMA50, and 46.65% above its SMA200. The stock has had a couple of great days, gaining 8.74% over the last week.

5. Ariad Pharmaceuticals Inc. (ARIA): Biotechnology Industry. Market cap of $1.14B. Relative volume at 2.82, gained 9.36% from open. The stock is a short squeeze candidate, with a short float at 10.% (equivalent to 5.24 days of average volume). The stock has gained 172.01% over the last year.

6. Skyworks Solutions Inc. (SWKS): Semiconductor - Integrated Circuits Industry. Market cap of $4.67B. Relative volume at 2.53, gained 7.73% from open. The stock is currently stuck in a downtrend, trading -6.34% below its SMA20, -11.03% below its SMA50, and -7.05% below its SMA200. The stock has performed poorly over the last month, losing 15.3%.

7. Inhibitex Inc. (INHX): Biotechnology Industry. Market cap of $324.31M. Relative volume at 2.13, gained 7.58% from open. It's been a rough couple of days for the stock, losing 7.19% over the last week. The stock has had a good month, gaining 17.68%.

8. Harbin Electric, Inc. (HRBN): Industrial Electrical Equipment Industry. Market cap of $455.31M. Relative volume at 2.32, gained 6.51% from open. This is a risky stock that is significantly more volatile than the overall market (beta = 2.2). The stock is a short squeeze candidate, with a short float at 39.25% (equivalent to 10.09 days of average volume). The stock is currently stuck in a downtrend, trading -13.28% below its SMA20, -20.41% below its SMA50, and -21.17% below its SMA200. It's been a rough couple of days for the stock, losing 11.59% over the last week.

9. SodaStream International Ltd. (SODA): Packaging & Containers Industry. Market cap of $1.22B. Relative volume at 2.32, gained 6.43% from open. Exhibiting strong upside momentum--currently trading 16.95% above its SMA20, 29.87% above its SMA50, and 51.14% above its SMA200. The stock has had a couple of great days, gaining 5.09% over the last week.

10. Elan Corp. plc (ELN): Drug Delivery Industry. Market cap of $5.83B. Relative volume at 2.01, gained 5.98% from open. Exhibiting strong upside momentum--currently trading 12.16% above its SMA20, 22.19% above its SMA50, and 54.74% above its SMA200. The stock has had a good month, gaining 26.18%.

11. Vantage Drilling Company (VTG): Oil & Gas Drilling & Exploration Industry. Market cap of $571.58M. Relative volume at 2.09, gained 5.35% from open. This is a risky stock that is significantly more volatile than the overall market (beta = 2.03). The stock has had a good month, gaining 17.26%.

12. SunOpta Inc. (STKL): Processed & Packaged Goods Industry. Market cap of $521.04M. Relative volume at 4.73, gained 5.3% from open. The stock has had a good month, gaining 13.25%.

13. Medivation, Inc. (MDVN): Biotechnology Industry. Market cap of $802.0M. Relative volume at 2.32, gained 4.79% from open. The stock is a short squeeze candidate, with a short float at 9.17% (equivalent to 6.57 days of average volume). The stock has gained 116.79% over the last year.

14. Cablevision Systems Corporation (CVC): CATV Systems Industry. Market cap of $10.25B. Relative volume at 2.97, gained 4.37% from open. The stock has gained 54.29% over the last year.

15. Hill-Rom Holdings, Inc. (HRC): Medical Instruments & Supplies Industry. Market cap of $2.90B. Relative volume at 2.19, gained 4.34% from open. The stock has gained 65.84% over the last year.

16. Sunoco, Inc. (SUN): Oil & Gas Refining & Marketing Industry. Market cap of $4.96B. Relative volume at 2.11, gained 4.01% from open. Relatively low correlation to the market (beta = 0.53), which may be appealing to risk averse investors. The stock has gained 44.5% over the last year.

17. Credicorp Ltd. (BAP): Money Center Banks Industry. Market cap of $6.80B. Relative volume at 3.26, gained 3.85% from open. The stock is currently stuck in a downtrend, trading -15.75% below its SMA20, -13.58% below its SMA50, and -21.06% below its SMA200. It's been a rough couple of days for the stock, losing 15.43% over the last week.

18. Vina Concha y Toro S.A. (VCO): Beverages - Brewers Industry. Market cap of $1.94B. Relative volume at 2, gained 3.21% from open. Relatively low correlation to the market (beta = 0.64), which may be appealing to risk averse investors. The stock has gained 33.26% over the last year.

19. Gen-Probe Inc. (GPRO): Research Services Industry. Market cap of $3.51B. Relative volume at 2.53, gained 2.56% from open. It's been a rough couple of days for the stock, losing 10.45% over the last week.

20. Electro Rent Corp. (ELRC): Rental & Leasing Services Industry. Market cap of $369.77M. Relative volume at 12.2, gained 2.25% from open. The stock has gained 29.25% over the last year.

Data sourced from Finviz.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks , Investing Ideas


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