Price Up on Volume: Tibco, NVIDIA and Hovnanian (NASDAQ: TIBX),(NASDAQ: NVDA),(NYSE: HOV)

Wednesday’s stocks make some nice advance on heavier than normal volume include Tibco Software Inc. (NASDAQ:TIBX), NVIDIA Corporation (NASDAQ:NVDA) and Hovnanian Enterprises, Inc. (NYSE:HOV).  Read on to learn more.

Tibco Software Inc. (NASDAQ:TIBX) started Wednesday with a nice gap up to $8.33 from the previous day’s close of $8.25, and well, the stock never looked back during the day.  It made nice progress to close the day at $8.67 a share as more than 4.9M shares traded the floor today, which is more than 2X the average daily volume of 1.9M.  The stocks chart has been showing a downtrend the past few months, but Wednesday’s boost on heavy volume should be a good sign for investors interested in the stock.  After hours trading saw the stock keep share price equal to the close of $8.67 while an additional 113k shares traded hands.

Also gapping up Wednesday was NVIDIA Corporation (NASDAQ:NVDA), which opened at $16.21 a share, +$0.56 from previous close of $15.65.  Shares eclipsed the 42M mark in the day’s trading, which is well above 2X average daily volume of 17.5M and closed at $16.91 (+8%)  The chart for the stock reveals it has been on an absolute tear the past few weeks as the stock ramped up from $11.98 a share on November 4 to its current close of $16.91.  The chart also indicates the stock is at a very important point as the price has peaked just above the resistance of $16.38 set back on September 15 of this year.  After hours has been kind to the stock as well, seeing the stock edge 6 cents higher to $16.97 as 450k shares traded hands.

The popular home builder, Hovnanian Enterprises, Inc. (NYSE:HOV), may not be out the cellar yet, but took a big step in the right direction Wednesday by gapping up 8 cents at the open to $3.88 a share, and then progressed solidly throughout the trading day to close at $4.23 (+11%) on 8M shares traded.  That 8M is well over 2X the average daily of 3M shares.  The chart indicates the stock is still barely in a trading range between about $3.50 and $4.30 that started back in September of 2009, but the strong volume and closing price near the top end of that range may be indicative the stock is ready to elevate above the trading range and make positive progress.  After hours trading sent the stock plummeting back to the previous day’s level of $3.83 as an additional 230k of shares traded hands, leaving us to question what is really going on with Hovnanian.