The following stocks gapped up significantly at the open on March 23: Monster Worldwide, Inc, Semiconductor Manufacturing International Corp, Aixtron SE, Lions Gate Entertainment Corp, and Dollar General Corporation. 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 Monster Worldwide, Inc (MWW) opened higher by 3.06% and are currently trading at $9.96. In the past year, the shares have traded as low as $6.34 and as high as $18.47. On average, 4236000 shares of MWW exchange hands on a given day and today's volume is recorded at 1233525. The shares are currently trading above the 200-day moving average which indicates that the shares have been subject to upward momentum. The 200 DMA is above the 50 DMA which indicates that the stock has likely taken a dip in the shorter term. The stock may eventually drop to test the 200-day moving average where buyers may be lurking near the $9.18 area.
Shares of Semiconductor Manufacturing International Corp (SMI) opened higher by 2.98% and are currently trading at $2.44. In the past year, the shares have traded as low as $2.12 and as high as $5.78. On average, 139040 shares of SMI exchange hands on a given day and today's volume is recorded at 57029. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $2.60 area but be careful because the stock may face selling pressure at this level.
Shares of Aixtron SE (AIXG) opened higher by 2.86% and are currently trading at $17.62. In the past year, the shares have traded as low as $11.18 and as high as $43.90. On average, 247230 shares of AIXG exchange hands on a given day and today's volume is recorded at 22617. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $19.11 represents resistance and the 50-day moving average of $15.87 would be an area of support.
Shares of Lions Gate Entertainment Corp (LGF) opened higher by 2.82% and are currently trading at $14.44. In the past year, the shares have traded as low as $5.76 and as high as $16.19. On average, 1960870 shares of LGF exchange hands on a given day and today's volume is recorded at 1747779. 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 $11.90 area where the stock will likely see buying pressure.
Shares of Dollar General Corporation (DG) opened higher by 2.77% and are currently trading at $46.96. In the past year, the shares have traded as low as $29.84 and as high as $46.96. On average, 1613000 shares of DG exchange hands on a given day and today's volume is recorded at 323059. 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 $42.59 area where the stock will likely see buying pressure.
