Stock Under $10 with 50-100% upside potential - 14 Days FREE!

8 Stocks Soaring With Unusual Volume

Stock quotes in this article: SYNA, CHEF, CRBC, NICE, VOLC, TECD, IPXL, BCPC 

Balchem

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Balchem (BCPC) is engaged in the development, manufacture and marketing of specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical and medical sterilization industries. This stock is trading up 3.6% at $34.29 in recent trading.

Today's Volume: 116,000

Average Volume: 115,897

Volume % Change: 60%

From a technical perspective, BCPC is trending higher here as the stock has started to challenge its 200-day moving average of $32.24 with slightly above average volume. This move is coming after BCPC found some buying support right above its 50-day moving average of $32.24.

Traders should now look for long-biased trades once BCPC triggers its next major breakout trade. That trade will hit once BCPC takes out some near-term overhead resistance levels at $34.34 to $35.12 with high volume. Look for a sustained move or close above those levels with volume that's near or above 115,897 shares. If that breakout triggers soon, then BCPC will have a great chance of trading up towards $37 to $39. Traders should key off BCPC's 50-day moving average of $32.24 for near-term support.

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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