8 Stocks Rising on Huge Volume

Meridian Bioscience

Meridian Bioscience (VIVO) is a life science company, engages in the development, manufacture, sale, and distribution of diagnostic test kits primarily for gastrointestinal, foodborne, viral, respiratory, and parasitic infectious diseases. This stock is trading up 3.4% at $19.03 in recent trading.

Today's Volume: 174,000

Average Volume: 292,308

Volume % Change: 75%

From a technical perspective, VIVO is moving notably higher today right after the stock recently found some buying interest near its 200-day and 50-day moving averages. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will hit once VIVO takes out some past overhead resistance at $19.69 to $20.04 with high-volume.

Traders should now look for long-biased trades once VIVO triggers that breakout on volume that's near or well above 292,308 shares. A sustained move or close above $19.69 to $20.04 could set this stock up for some major upside. Some possible targets on the upside are $24 to $26.50, which is a gap down zone from back in 2011.

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.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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