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Medidata Solutions(MDSO - Get Report) is a provider of software-as-a-service (SaaS) based clinical technology solutions. This stock is trading up 3.1% at $20.67 in recent trading.
Today's Volume: 336,000
Average Volume: 272,141
Volume % Change: 96%
From a technical perspective, MDSO is bouncing off its 200-day moving average today and it has started to move above its 50-day moving average of $20.53 on heavy volume.
Traders should continue to look for long biased trades in MDSO as long as it's trending above its 50-day
moving average and it closes near its daily highs of $20.72. If we get that action, then look for MDSO to re-test its next significant overhead resistance levels at $22.50 to $24.60 in the very 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.