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3 Tech Stocks Ripping Higher With Volume

BroadVision

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BroadVision (BVSN - Get Report) develops, markets, and supports enterprise portal applications that enable companies to unify their e-business infrastructure and conduct both interactions and transactions with employees, partners and customers. This stock is trading up 6.9% at $10.02 in recent trading.

Today's Volume: 166,000

Average Volume: 146,717

Volume % Change: 104%

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From a technical perspective, BVSN is bouncing hard here right off some near-term support at $9.25 with above-average volume. This bounce is also coming right above its 50-day moving average of $8.74.

Traders should now look for long-biased trades once BVSN manages to trigger its next major breakout trade. That trade will hit once BVSN clears some near-term overhead resistance at $11.96 with high volume. Traders should look for long-biased trades as long as BVSN is trending above $9.25, and then once it sustains a move or close above $11.96 with volume that's near or above 146,717 shares. If that breakout triggers soon, then look for BVSN to re-test or possibly take out its next major overhead resistance levels at $13.19 to $14.19, or possibly even $14.99.

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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