7 Stocks Soaring on Heavy Volume

Verisk Analytics

Verisk Analytics (VRSK) is a provider of information about risk to professionals in insurance, healthcare, mortgage, government, supply chain, and risk management. This stock is trading up 4.6% at $49.35 in recent trading.

Today's Volume: 928,000

Average Volume: 781,588

Volume % Change: 53%

From a technical perspective, VRSK is soaring higher here back above its 50-day moving average of $48.72 with above average volume. This move is quickly pushing VRSK within range of triggering a major breakout trade. That trade will hit once VRSK takes out some near-term overhead resistance levels at $50.96 to $51 with high volume.

Traders should now look for long-biased trades in VRSK as long as its trending above its 50-day, and then once it sustains a move or close above $50.96 to $51 with volume that's near or above 781,588 shares. If we get that action soon, then look for VRSK to trade up towards $55 to $60.

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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