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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

8 Stocks Ripping Higher on Big Volume

Stocks in this article: TIVO BGFV MM RKT EPOC CNI CLH SPH

Suburban Propane Partners

Suburban Propane Partners (SPH) is a nationwide marketer and distributor of a range of products meeting the energy needs of the customers. This stock is trading up 1.3% at $41.17 in recent trading.

Today's Volume: 276,000

Average Volume: 355,470

Volume % Change: 62%

From a technical perspective, SPH is continuing to attract momentum buyers today after the stock recently broke out above $38.92 and its 50-day moving average of $39.57 with decent volume. This move is quickly pushing SPH within range of triggering another breakout trade. That trade will hit once SPH manages to clear its 200-day moving average of $40.98 with high volume. At last check, SPH has hit an intraday high of $41.16 and volume is a bit below its three-month average action of 355,470 shares.

Traders should now look for long-biased trades in SPH as long as it's trending above $40.98 with strong upside volume flows. I would consider any upside volume day that registers near or above 355,470 shares as bullish. If SPH can sustain that trend, then this stock has a great chance of tagging $43 to $44.72 in the near future.

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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