Volume Stocks: Sirius, MGM and Applied Materials (NYSE:MGM),(NASDAQ:SIRI),(NASDAQ:AMAT)

Sirius XM Radio Inc. (NASDAQ:SIRI) has been blowing the doors off the competition.  Shares of the stock have jumped nearly 100% since year started, going from 60 cents to close over a buck today.  Shares continued to climb today with the last trade checking in at $1.14/share on 2X average daily volume (172M vs  67M).

 
Shares of MGM MIRAGE (NYSE:MGM) tanked today on heavy volume (46M vs 30M).  The interesting thing about the stock is that it is forming a large “symmetrical triangle” pattern.  This is usually a signal for continuation of the previous trend, which was a large jump up from the Jul-Aug 2009 lows.  Last share price checked in at $10.76

Applied Materials, Inc. (NASDAQ:AMAT) also dropped some today on pretty heavy volume, nearly 1.5X average (42M vs 28M).  The stock regained composure after opening lower and gained back ground after dipping pretty low intraday.  It seems investors were not pleased with the Q1 results, even though it was a profit and better than previous Q1 results.  Last shares checked in at $12.64, -2.7%.

Disclosure: No positions.