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International Speedway(ISCA) is the owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities in the U.S. This stock is trading up 2.3% at $25.99 in recent trading.
Today's Volume: 176,000
Average Volume: 135,466
Volume % Change: 132%
From a technical perspective, ISCA is bouncing hard here right off its 200-day moving average of $25.38 with decent volume. Shares of ISCA are also spiking back above its 50-day moving average of $25.87. This move is quickly pushing ISCA within range of triggering a major breakout trade. That trade will hit once ISCA takes out some near-term overhead resistance at $26.50 to $26.84 with high volume.
Traders should now look for long-biased trades in ISCA as long as it's trending above $25.36, and then once it sustains a move or close above those breakout levels with volume that's near or above 135,466 shares. If that breakout triggers soon, then look for ISCA to re-test and possibly take out its next significant overhead resistance level at $28.49.
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.