The following stocks gapped up significantly at the open on March 23: Cost Plus Inc, 3D Systems Corp, BT Group plc, Medidata Solutions, Inc, and Teavana Holdings, Inc. These stocks may be up because of positive overnight news, overall market bullishness, or increased speculation. Oftentimes stocks will close the gap, meaning they will retrace to the last day's high. Thus, gap ups are often good selling opportunities but in some cases, watch for the stock to continue higher.
Shares of Cost Plus Inc (CPWM) opened higher by 10.61% and are currently trading at $17.79. In the past year, the shares have traded as low as $5.57 and as high as $16.23. On average, 268350 shares of CPWM exchange hands on a given day and today's volume is recorded at 404732. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $13.92 area where the stock will likely see buying pressure.
Shares of 3D Systems Corp (DDD) opened higher by 7.57% and are currently trading at $23.28. In the past year, the shares have traded as low as $12.78 and as high as $27.28. On average, 582090 shares of DDD exchange hands on a given day and today's volume is recorded at 74025. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $20.89 area where the stock will likely see buying pressure.
Shares of BT Group plc (BT) opened higher by 6.17% and are currently trading at $36.93. In the past year, the shares have traded as low as $24.65 and as high as $34.97. On average, 127340 shares of BT exchange hands on a given day and today's volume is recorded at 73510. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $33.41 area where the stock will likely see buying pressure.
Shares of Medidata Solutions, Inc (MDSO) opened higher by 3.98% and are currently trading at $26.67. In the past year, the shares have traded as low as $14.07 and as high as $26.53. On average, 331850 shares of MDSO exchange hands on a given day and today's volume is recorded at 66343. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $21.45 area where the stock will likely see buying pressure.
Shares of Teavana Holdings, Inc (TEA) opened higher by 3.91% and are currently trading at $21.73. In the past year, the shares have traded as low as $14.28 and as high as $29.35. On average, 229660 shares of TEA exchange hands on a given day and today's volume is recorded at 23329. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $21.36 area where the stock will likely see buying pressure.
