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Yandex(YNDX) is a provider of internet services, headquartered in the Russian Federation. The stock is trading up 4% at $26.34 in recent trading.
Today's Volume: 2.3 million
Average Volume: 1.4 million
Volume % Change: 84%
From a technical perspective, YNDX has started to move back above its 200-day moving average of $25.53 today on heavy volume. This move in YNDX is also follow through strength from when the stock recently broke out above $23.84 with strong volume.
Traders should continue to look for long-biased trades in YNDX as long as it's trending above its 200-day with strong upside volume flows. If we continue to see strength in YNDX, and the 200-day holds, then look for this stock to re-test its next significant overhead resistance levels at $29.30 to $30.
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.