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Actionable news in IMAX: IMAX CORP,

These 7 Stocks Are Spiking on Big Volume


  • Thursday's Volume: 5.51 million
  • Three-Month Average Volume: 664,500
  • Volume % Change: 700%

Imax (IMAX) operates as an entertainment technology company specializing in motion picture technologies and presentations worldwide. This stock traded up 14.4% to $34.47 in Thursday's trading session.

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From a technical perspective, IMAX gapped-up sharply higher on Thursday back above both its 50-day moving average of $30.74 a share and its 200-day moving average of $32.96 a share with monster upside volume flows. This high-volume rip to the upside is now quickly pushing shares of IMAX within range of triggering a major breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to take out Thursday's intraday high of $34.93 a share and then above some key overhead resistance at $35.01 a share with high volume.

Traders should now look for long-biased trades in IMAX as long as it's trending above its 200-day moving average of $32.96 a share or above Thursday's intraday low of $31.65 a share and then once it sustains a move or close above those breakout levels with volume that hits near or above 664,500 shares. If that breakout takes hold soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels...