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Strayer Education(STRA - Get Report) 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.