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Virgin Media(VMED) is engaged in entertainment and communications business. This stock is trading up 3.1% at $22.15 in recent trading.
Today's Volume: 2.55 million
Average Volume: 3.26 million
Volume % Change: 54%
From a technical perspective, VMED is bouncing here right near some previous support at $21.25 with decent volume. This move is pushing VMED within range of a near-term breakout trade. That trade will trigger once VMED takes out some near-term overhead resistance at $22.73 with high-volume.
Traders should now look for long-biased trades if VMED can sustain a move or close above $22.73 with volume that's near or above 3,255,680 shares. If we get that action soon, then look for VMED to re-test its 50-day moving average of $23.90 or possibly trend much higher.
On the flipside, I would look for short-biased trades if VMED fails to trigger that breakout, and then takes out some near-term support zones at $21.25 to $20.48 with high volume.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume portfolio on Stockpickr.