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TheStreet Open House

8 Stocks Rising on Unusual Volume

Garmin

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Garmin (GRMN) is a provider of navigation, communication and information devices and applications, which are enabled by GPS technology. This stock is trading up 1.3% at $42.91 in recent trading.

Today's Volume: 1.4 million

Average Volume: 927,274

Volume % Change: 184%

>>5 Big Stocks to Trade for Gains

From a technical perspective, GRMN is following through with some upside strength here after the stock closed back above its 200-day moving average at $42.38 on Thursday. This move today is coming with above-average volume, and it's quickly pushing GRMN within range of a major breakout trade. That trade will hit once GRMN manages to take out some overhead resistance levels at $42.85 to $43.34 with high volume.

Traders should now look for long-biased trades in GRMN as long as its trending above its 200-day, and then once it sustains a move or close above those breakout levels with volume that hits near or above 927,274 shares. If that breakout hits soon, then look for GRMN to re-test or take out its next significant overhead resistance levels at $46 to $48.

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