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Cost Plus(CPWM) is a specialty retailer of casual home furnishings and entertaining products in the U.S. This stock is trading up 15.9% at $18.60 in recent trading.
Today's Volume: 1.7 million
Average Volume: 269,098
Volume % Change: 892%
From a technical perspective, CPWM is gapping up huge today on monster volume. The stock has also officially entered breakout territory since it has comfortably taken out some near-term overhead resistance at $15.82 with big volume.
As long as CPWM can manage to close near its daily high of $18.98, then traders should continue to look for long biased trades in the near-term.
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.