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Ryanair(RYAAY - Get Report) operates a low-cost, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe and Morocco. This stock is trading up 1.7% at $33.44 in recent trading.
Today's Volume: 323,000
Average Volume: 242,298
Volume % Change: 123%
>>5 Rocket Stocks to Buy Ahead of Earnings Season
From a technical perspective, RYAAY is ripping higher here with above-average volume, and it's now pushing into breakout territory with the stock moving above some near-term overhead resistance at $33.11.
Traders should now look for long-biased trades in RYAAY as long as it's trending above its 200-day at $31.90, and then once it sustains a move or close above $33.11 with volume that's near or above 242,298 shares. If RYAAY can sustains that trend, then this stock will have an excellent chance of re-testing or possibly taking out its next major overhead resistance levels at $35.78 to $37.12.
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.