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3 Tech Stocks Soaring on Big Volume

Stratasys

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Stratasys (SSY) is a manufacturer of 3D printers and production systems for the office-based rapid prototyping and direct digital manufacturing markets. This stock is trading up 4.9% at $69.16 in recent trading.

Today's Volume: 429,000

Average Volume: 417,308

Volume % Change: 62%

>>5 Tech Stocks to Trade (or Not)

From a technical perspective, SSYS is ripping higher today with above average volume. This move is coming after SSYS recently found buying support at around $60.77, which sits just above its 50-day moving average of $57.80. Shares of SSYS have been uptrending strong for the past four months with shares rising from a low of $42.71 to a recent high of $73.32.

Traders should now look for long-biased trades in SSYS as long as it holds today's low of $66.22. If SSYS can hold its trend above $66.22, then this stock has a great chance of re-testing and possibly taking out its all-time high of $73.32. Any high-volume move above $73.32 should be considered bullish, since SSYS would enter new all-time high territory. Some possible targets if we trend above $73.32 are $80 to $100.

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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