ICU Medical (ICUI - Get Report) is engaged in the development, manufacturing and sale of proprietary, disposable medical connection systems for use in vascular therapy applications. This stock closed up 2.4% at $61.43 on Tuesday.Tuesday's Volume: 160,203 Average Volume: 88,622 Volume % Change: 81% From a technical perspective, ICUI bounced notably higher here right off some near-term support at $58.84 with above-average volume. This stock has been uptrending very strong for the last four months, with shares soaring from a low of $50.19 to its recent high of $62.79. During that uptrend, shares of ICUI have been consistently making higher lows and higher highs, which is bullish technical price action. That move is quickly pushing ICUI within range of triggering a near-term breakout trade. That trade will hit once ICUI manages to take out some near-term overhead resistance levels at $62 to $62.79 with high volume. Traders should now look for long-biased trades in ICUI once it manages to sustain a move or close above $62 to $62.79 with volume that registers near or above 87,874 shares. If that breakout triggers soon, then ICUI will enter new 52-week high territory, which is bullish price action. Some upside targets are $65 to $70 if we get that action soon. 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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