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TheStreet Open House

7 Stocks Ripping Higher on Unusual Volume

Nuance Communications

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Nuance Communications (NUAN) is a provider of voice and language solutions for businesses and consumers around the world. This stock is trading up 3.4% at $23.43 in recent trading.

Today's Volume: 2.8 million

Average Volume: 4.1 million

Volume % Change: 50%

From a technical perspective, NUAN is bouncing to the upside here right off some near-term support at $22 with decent volume. This move is quickly pushing NUAN within range of triggering a major breakout trade. That trade will hit once NUAN takes out some near-term overhead resistance at $23.80 to $24 with high volume.

Traders should now look for long-biased trades once NUAN sustains a move or close above those levels with volume that's near or above 4,048,090 shares. Keep in mind that it will be helpful for NUAN to also take out its 200-day moving average of $24.42 with volume. If all of those levels get taken out soon, then look for NUAN to re-test or possibly take out its next major overhead resistance levels at $25.88 to $26.85.

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