Volume Stocks: Lowe’s, Sirius and YRC (NASDAQ:SIRI),(NYSE:LOW),(NASDAQ:YRCW)

Lowe's Companies, Inc. (NYSE:LOW) is experiencing some heavy volume accumulation today after the company announced its positive earnings and outlook.  Shares have been somewhat mixed (up and down) during the trading day as 21M shares have traded hands as compared with 14M average daily (1.5X average).  The chart for Lowe’s seems to indicate the stock price will try to test the overhead resistance at $24 again soon.

For yet another day, Sirius XM Radio Inc. (NASDAQ:SIRI) is blowing up the market with heavy volume.  The stock is checking in with a whopping 74M shares trading hands which matches up with more recent average volume, but is still over 1.5X the 13-week average volume of 47M.  The chart for Sirius seems to indicate the stock is currently extended and it is more likely the stock will pull back to $0.90 level (it’s most recent breakout point).  This would be comparable to when the stock broke out above $0.55 back in August 2009 and then re-tested that level in October before making its most recent massive move to over $1.10 a share.  Buying right now might be tough for the short term, but may reward the longer term investor.  Watch for a pull back in price and then it might be a great time to pounce some cheap shares.

YRC Worldwide Inc. (NASDAQ:YRCW) continues to shed stock price on heavy volume.  It has been like freight train going downhill, and today is not too much different as 34M shares have traded, and that is 2X the 13-week average daily volume of 17.7M.  YRC has toppled since the September 2009 high (intraday over $6/share)  and became a penny stock shortly thereafter in December 2009, and shares have plummeted the throughout the month of February.  Reviewing the chart, there is no evidence of a technical beacon of hope for the stock.  This might be a hope and pray situation.

Disclosure: No positions.