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8 Stocks Rising on Unusual Volume

Vale

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Vale (VALE - Get Report) is a Brazil-based metals and mining company. This stock is trading up 7.9% at $18.24 in recent trading.

Today's Volume: 26.4 million

Average Volume: 17 million

Volume % Change: 161%

From a technical perspective, VALE is gapping up big here with monster volume. This move is quickly pushing VALE within range of its 50-day moving average of $18.33.

Traders should now look for long-biased trades in VALE once it breaks out above some overhead resistance levels at $18.33 to $18.40 with high volume. Look for volume off a sustained move or close above those levels that hits near or above 17 million shares. If that breakout triggers soon, then VALE has a great chance of re-testing or possibly taking out its next major overhead resistance levels at $19.25 to $19.78, or possibly even its 200-day moving average of $21.10.

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.

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SYM TRADE IT LAST %CHG
CMG $637.50 0.00%
TCK $14.33 0.00%
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