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Pan American Silver (PAAS) is engaged in the operation and development of, and exploration for, silver producing properties and assets. This stock is trading up 3.3% at $26.01 in recent trading.
Today's Volume: 1.9 million
Average Volume: 1.4 million
Volume % Change: 89%
From a technical perspective, PAAS is starting to trigger a breakout trade today now that this stock is moving above some near-term overhead resistance at $25.42 on solid volume.
Market players should watch for PAAS to close over $25.42 and $26.11 with high-volume to signal that it wants trend much higher. If we get that action today or soon, target a run back towards its 200-day moving average of $28.10 or higher in the near future.
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.