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DG Fastchannel an under the radar stock that is flying higher

|Includes: Digital Generation, Inc. (DGIT)

 ****DG Fastchannel (NASDAQ:DGIT) shares rose 3.5% amidst a weak tape on the second day of unusually strong stock volume, and options traders were also bullish the name.  2,000 calls traded while only 15 puts traded, or 6.5X the average call volume.  DGIT shares recently broke out of a bullish flag and out of a trend line off the highs.  Earnings are scheduled for May 7th for the media services and advertising firm that BMO Capital has a $34 target on with shares below $21.50.  1,265 of the call volume was due to new opening buys in the June $22.50 calls, a bullish outlook for shares of the new high flying small cap with a market cap of $450M.  DGIT implied volatility sunk from 65% to 52%, possibly the reasoning for traders stepping in to purchase cheap calls.