While the volume of the overall market has become a less reliable indicator of future movement in an index, volume on individual names continues to allow for trading setups with defined risk levels and the potential for snap backs (mean reversion), which is just what institutional stock traders search for.
Here are four names that are seeing very high volume levels, higher than the past 52-weeks…
1. EMC Corporation develops, delivers and supports the information technology industry's range of information infrastructure and virtual infrastructure technologies and solutions. The stock has traded 70,172,215 times during the session, which is 1.50x the 10-day average and a new 52-week high.
2. NII Holdings, Inc. provides wireless communication services. NII Holdings provides these services under the Nextel brand through operating companies located in selected Latin American markets. The stock has traded 8,692,102 times during the session, which is 2.29x the 10-day average and a new 52-week high.
3. ZAGG Incorporated designs, manufactures and distributes protective coverings, audio accessories and power solutions for consumer electronic and hand-held devices under the brand names invisibleSHIELD, ZAGGaudio, and ZAGGskins. The stock has traded 6,725,945 times during the session, which is 9.03x the 10-day average and a new 52-week high.
4. SEGA SAMMY HOLDINGS INC. is a Japan-based holding company. The company is active in five business segments through its subsidiaries and associated companies. The Game Machine segment is engaged in the development, manufacture and sale of pachisro slot and pachinko machines, as well as the design of game halls. The stock has traded 2,204,750 times during the session, which is 4.69x the 10-day average and a new 52-week high.
5. China Ritar Power Corp. is a manufacturer of lead-acid batteries in China. Through the company's subsidiaries, it designs, develops, manufactures and sells lead-acid batteries with a range of applications, including telecommunications, uninterrupted powers source devices, light electric vehicles and alternative energy production (solar and wind power). The stock has traded 637,341 times during the session, which is 4.11x the 10-day average and a new 52-week high.
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