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7 Stocks Rising on Monster Volume


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PetSmart (PETM) is a specialty provider of products, services and solutions for the lifetime needs of pets. This stock is trading up 10.8% at $61.66 in recent trading.

Today's Volume: 3.9 million

Average Volume: 2.8 million

Volume % Change: 690%

Shares of PETM are skyrocketing today after the company beat Wall Street expectations as all aspects of its business grew. One analyst called the results a "howler" of a first quarter. (I featured PetSmart earlier this week in " 5 Stocks Set to Soar on Bullish Earnings.")

From a technical perspective, PETM is gapping up sharply higher here on above average volume. This move has pushed PETM into breakout territory since the stock has blown through some near-term overhead resistance at $59.36.

Traders should now look for long-biased trades if PETM can manage to take out its daily high with strong volume. At last check, PETM has hit an intraday high of $62.10 and volume is well above its three-month average action.

On the flipside, traders should look for short-biased trades if PETM takes out today's low of $59.80 with heavy volume.

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AVGO $123.02 0.96%
EXPE $97.40 1.36%
PETM $82.98 0.04%
TTWO $24.75 0.12%
AAPL $127.60 2.28%


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