4 Stocks Moving Higher With Volume

Cliffs Natural Resources

Cliffs Natural Resources (CLF) is an iron ore producer and a producer of metallurgical coal. This stock is trading up 5.6% at $40.53 in recent trading.

Today's Volume: 4.85 million

Average Volume: 6.7 million

Volume % Change: 50%

From a technical perspective, CLF is bouncing higher here right around some near-term support at $37.50 with decent volume. This move has also started to push CLF back above its 50-day moving average of $40.26, and it's pushed the stock above some near-term overhead resistance at $40.35.

Traders should now look for long-biased trades in CLF as long as it's trending above its 50-day with strong upside volume flows. I would consider any upside volume day that registers near or above 6,679,460 shares. If CLF can maintain its trend above its 50-day, and especially above $40.35, then this stock will setup to re-test and possibly take out its next significant overhead resistance levels at $43.44 to $46.83.

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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