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8 Stocks Rising on Unusual Volume

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Zhongpin (HOGS)

This is a holding company, principally engaged in the meat and food processing and distribution business in the People's Republic of China. This stock is trading up 5.6% at $11.03 in recent trading.

Today's Volume: 330,000

Average Volume: 288,843

Volume % Change: 187%

From a technical standpoint, HOGS has started to trigger a major breakout now that this stock is moving above its 200-day moving average of $10.82 and above some near-term overhead resistance at $10.85 with strong volume. Traders should continue to look for long biased trades if HOGS can close near its daily highs and above its 200-day of $10.82. Some potential upside targets are $11.77 or $13, which are the next significant overhead resistance levels. Look for high-volume up days if we close over the 200-day that register near or above 288,843 shares, to confirm that HOGS wants to continue its uptrend in the near future.
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