is an online game developer and operator in China. Changyou is engaged in the development, operation and licensing of online games, including massively multiplayer online games, which are interactive online games. This stock is trading up 4.4% at $19.83 in recent trading.
Today's Volume: 224,000
Average Volume: 153,841
Volume % Change: 103%
Shares of CYOU are trending higher in front of its earnings report which is set for Monday, August 6, 2012.
From a technical perspective, CYOU is ripping higher here and breaking out above some near-term overhead resistance at $19.24 with heavy volume. This move is quickly pushing CYOU within range of taking out its 50-day moving average of $20.37.
Traders should now look for long-biased trades in front of its earnings report, if CYOU can sustain a move or close above its 50-day with high volume. Look for volume on that move that's near or above 153,841 shares. If we get that action soon, then CYOU will have a great chance of tagging its next major overheard resistance levels of $21.70 to $22.70 ahead of its earnings report.
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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