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Randgold Resources(GOLD - Get Report) is engaged in gold mining, exploration and related activities. This stock is trading up 2.5% at $118.70 in recent trading.
Today's Volume: 512,000
Average Volume: 577,550
Volume % Change: 80%
From a technical standpoint, GOLD is quickly approaching a major breakout trade here now that this stock is within range of clearing some near-term overhead resistance at $120.73. Keep in mind that any move for GOLD above $120.73 will push this stock into all-time high territory, which is bullish price action.
Market players should now look for long biased trades in GOLD if it can take out $120.73 on heavy volume. Look for volume on a move above that level that registers near or above 577,550 shares.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.