Unusually High Volume Movers (MDM,CBBO,FRGB)

Following are the few stocks which are moving up without any news on very unusual volume - this normally signals that either there is some news in pipeline or someone is speculating those stocks: –

Mountain Province Diamonds, Inc. (AMEX: MDM) spurted 34% with a volume of 684K shares against an average volume of 19K shares – over 35X. Currently the stock is stock is trading at $2.26, well above it 50-day and 200-day EMA.

Columbia Bancorp (NASDAQ: CBBO) rallied 129% without news. A total of 1.18 million shares are being traded till now – more than 20X of its average volume. Currently the stock is stock is trading at $2.74, which is the highest level during the current calendar year. The stock price is above its 200-day EMA by huge margin.

First Regional Bancorp (NASDAQ: FRGB) surged 26.26% to $1.45 on very unusual volume of 230K shares – 7X of its average volume. The stock faces a strong resistance at around $2 level, which it touched in the month of Mya 2009 and it has gained a most in a day since then. Now the stock is above its 20-day EMA but below 200-day EMA, signaling it may give some more return for the next few days.