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Perfect World(PWRD) is an online game developer and operator in People's Republic of China. The stock is trading up 6.6% at $12.80 in recent trading.
Today's Volume: 1.72 million
Average Volume: 737,343
Volume % Change: 213%
From a technical perspective, PWRD sharp move higher today on strong volume has now put the stock within range of triggering a big breakout trade.
Market players should now watch PWRD for a sustained high-volume move and close above $12.75 to $13.26 to signal that the stock wants to trend higher. Look for volume on that move that's near or well above 737,343 shares. If we get that action soon, look for PWRD to re-test its 200-day moving average of $14.72 very quickly.
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.