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MYR Group(MYRG) is a specialty contractor serving the electrical infrastructure market in the U.S. This stock is trading up 3.9% at $15.55 in recent trading.
Today's Volume: 116,000
Average Volume: 174,283
Volume % Change: 51%
From a technical perspective, MYRG is bouncing here right off some near-term support at $15 with decent volume. This move is quickly pushing MYRG within range of a near-term breakout trade. That trade will hit once MYRG takes out its 50-day moving average of $15.88 with high volume.
Traders should now look for long-biased trades once MYRG sustains a move or close above $15.88 with volume that's near or above 174,283 shares. If that breakout triggers soon, then look for MYRG to re-test and possibly take out its 200-day moving average of $18.
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.