7 Stocks Ripping Higher With Big Volume

Strayer Education

Strayer Education (STRA) provides post-secondary education services. This stock is trading up 4.9% at $98.28 in recent trading.

Today's Volume: 152,000

Average Volume: 169,383

Volume % Change: 50%.

From a technical perspective, STRA is gapping up sharply here with decent volume. This move is coming right off its 200-day moving average of $93.30, and it's pushed the stock into breakout territory since STRA has taken out some near-term overhead resistance at $94.81.

Traders should now look to play the next major breakout for STRA. That trade will trigger once STRA takes out some past overhead resistance at $103.68 with high-volume. Look for a sustained move or close above $103.68 with volume that's near or above 169,383 shares. Traders can look to get long above $94.81 to anticipate that breakout, with a stop right around that level or higher. If we get that breakout above $103.68 soon, then STAA could easily hit its next significant overhead resistance level at $111.25.

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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