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5 Stocks Rising on Unusual Volume

Stock quotes in this article: RIMM, PATK, PDCO, YNDX, VRNT 

Patterson Companies

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Patterson Companies (PDCO) is a provider of learning and talent management solutions providing a set of People Cloud Applications that include enterprise learning, talent management, testing and assessment and collaboration solutions delivered through the Saba People Cloud. The stock is trading up 1.4% at $33.40 in recent trading.

Today's Volume: 871,000

Average Volume: 689,574

Volume % Change: 85%

From a technical perspective, PDCO is advancing modestly today on above average volume. This move is quickly pushing PDCO within range of triggering a major breakout trade. That trade will hit once PDCO can take out some overhead resistance at $33.51 to $33.80 with high-volume.

Traders should now look for long biased trades if PDCO can sustain a move and close above those levels on volume that's near or well above 689,574 shares. If we get that action soon, look for PDCO to rip higher towards its next significant overhead resistance level at $36.50 in the near future.

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