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3 Big Stocks Moving Up on Big Volume


Colgate-Palmolive (CL - Get Report) is a consumer products company whose products are marketed in over 200 countries and territories worldwide. This stock is trading up 1.2% at $104.97 in recent trading.

Today's Volume: 1.5 million

Average Volume: 1.8 million

Volume % Change: 50%

>>5 Consumer Stocks Hedge Funds Love

From a technical perspective, CL is moving modestly higher here with decent volume. This move has started to push CL within range of its 50-day moving average of $105.15. At last check, CL has hit an intraday high of $105.47 and volume is very close to eclipsing its three-month average action of 1.8 million shares.

Traders should now look for long-biased traders in CL as long as it's trending close to or above its 50-day moving average of $105.15 with strong upside volume flows. I would consider any upside volume day that registers near or above 1,756,190 shares as bullish. If CL can hold a trend above its 50-day, then it will have a great chance of re-testing or taking out its next major overhead resistance levels at $108 to $109.84.

On the flip side, I would avoid CL or look for short-biased trades if it fails to hold a trend above its 50-day, and then takes out some major near-term support at $102.50 with strong volume.

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.


Follow Stockpickr on Twitter and become a fan on Facebook.
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 and maintains the website, 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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