With the market selling off Thursday, there were several stocks that hit my radar which traded higher on abnormal volume. In this post, I will name 12 stocks which fought the trend Thursday November 19, 2009. I will be checking these stocks frequently to see if there is continued buying pushing the stocks higher. This method is just one of the ways I use to pick stocks to structure particular option trades. The second part of this post requires the knowledge of stock options. To learn more about the option strategies outlined in this post, risks, pricing, calculations, other strategies, and options in general, click here.

The table below shows the company, ticker, per share % increase, and volume increase (% increased compared to 50 day average). For your convenience I have ranked the stocks in order from greatest to least volume % change.

Donaldson Company Inc. (DCI)

F1Q10 Earnings Call

November 19, 2009; 11:00 am ET

Donaldson Company Inc. (DCI)

F1Q10 Earnings Call

November 19, 2009; 11:00 am ET

Netlist, Inc. (NASDAQ: NLST) soared 19% to $5.73 on 5.60 million shares. In the past five trading sessions, NLST stock is up over 590%.

TTI Team Telecom International Ltd. (NASDAQ: TTIL) jumped 28% to $1.51 after it reporte Q3 EPS of $0.07, 7 cents better than the analyst estimate of $0.00 and revenue for the quarter was $10.3 million, which compares to the estimate of $11.75 million.

Sunrise Senior Living, Inc. (NYSE: SRZ) climbed 15% to $3.17 on 3.18 million shares. Yesterday, SRZ announced that it has completed the sale transaction for 21 wholly owned assisted living communities, located in 11 states, with BLC Acquisitions, Inc., an affiliate of Brookdale Senior Living Inc., or its assignees, for $204 million.

New York & Company, Inc. (NYSE: NWY) rose 17% to $4.39 after posted weaker-than-expected third-quarter results, but said it expects to be profitable in the holiday quarter.

Donaldson Company, Inc. (NYSE: DCI) climbed 7.50% to $44.56 on 1.16 million shares after it reported Q1 adj-EPS of $0.45, ex-items, 11 cents better than the analyst estimate of $0.34. Revenue for the quarter was $428.1 million, which compares to the estimate of $423.18 million.

Solarfun Power Holdings Co., Ltd. (ADR) (NASDAQ: SOLF) jumped 7% to $6.92 on 2.43 million shares. Yesterday, it reported third-quarter profit that beat analyst estimates, helped by higher shipment volumes. For the quarter, the company's net income was $20.1 million, or 37 cents per American depository shares (ADS). Total net revenue fell 22.6 percent to $144.6 million.

Shoe Carnival, Inc. (NASDAQ: SCVL) hits a new 52-week high at $19.54 in today’s morning trade. Currently SCVL is trading at $17.73, up 3.26% after beating analysts’ expectations and reported more than double profit for the third quarter due to increased sales.

TTI Team Telecom International Ltd. (NASDAQ: TTIL) soared 27% to $1.46 on 190K shares. Today TTIL has made a new 52-week at $1.54. So far this year, TTIL is up over 156%.

Donaldson Company, Inc. (NYSE: DCI) is another stock which made a new 52 week high at $44.95 and now trades at $44.72, increased by $3.30 or 7.86% after DCI raised its fiscal year outlook as the company sees signs of stabilizing in some end markets. In the last six months, DCI gained over 34%.

Kimber Resources, Inc. (AMEX: KBX) today broke its previous 52-week high and made a new high at $0.93 and now up 10.55% and trades at $0.906. In the year 2009, KBX gained over 80%.

Analysts at BB&T Capital Markets downgraded CLARCOR Inc (NYSE: CLC) from “hold” to “buy,” while raising their estimates for the company. The 12-month target price for CLC is set to $40.

According to BB&T Capital Markets, CLC has a high aftermarket mix, which offers the company with defensive characteristics and leverage to a recovery in the early cycle. CLC’s competitor Donaldson (NYSE: DCI) has posted impressive results for Q3 and raised its guidance for FY10. BB&T Capital Markets said that DCI’s results were driven by rising aftermarket sales, stabilizing utilization rates for heavy- and medium-duty trucks, improving construction end markets and inventory restocking, all of which will also benefit CLC.

BB&T Capital Markets believes that CLARCOR’s trends are improving and the consensus estimates are conservative. CLC has missed the recent round of rally in the share market, with the company’s share price appreciating by just 36% from its March lows, as compared to a 90% rise in Donaldson’s shares and 87% in the S&P Industrials.

BB&T Capital Markets raised its EPS estimates for FY’10 and FY’11 by $0.05 and $0.14, respectively, on higher forecasts for revenues and margins.