Coinstar Surging On Heavy Volume (CSTR)

Shares of Coinstar CSTR are back on the move today, climbing 4.63% on heavier than average volume. The stock is now trading hands for $57.59. Momentum players will definitely want to take a look at CSTR, as the stock has been one of the strongest Nasdaq securities year to date. Since the beginning of 2010, CSTR has gained 106.66%. A look at Coinstar's chart suggests that there is still very high demand for the shares. If the momentum can sustain itself, CSTR may be able to break out of the range it has been trading in for the last couple of weeks and establish another base at a higher level. Coinstar now has a market cap of $1.82 billion. The stock is trading at a forward P/E of 20.76 and a PEG ratio of only 1.06.