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5 Stocks Making High-Volume Moves

La-Z-Boy

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La-Z-Boy (LZB - Get Report) manufactures, markets, imports, distributes and retails upholstery products, accessories and casegoods furniture products. This stock is trading up 8.4% at $16.97 in recent trading.

Today's Volume: 1.3 million

Average Volume: 423,055

Volume % Change: 265%

>>5 Stocks With Big Insider Buying

From a technical perspective, LZB is gapping up sharply higher here with heavy volume into breakout territory above some near-term overhead resistance levels at $15 to $15.68. This move has also started to push LZB above its previous 52-week high of $16.43.

Traders should continue to look for long-biased trades in LZB as long as its trending above today's low of $15.85 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average volume of 423,055 shares as bullish. If LZB can maintain that trend, then look for this stock to tag $20 in the near future.

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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SYM TRADE IT LAST %CHG
ALB $58.65 -0.59%
EBAY $58.95 -0.42%
EWBC $40.46 -1.60%
LZB $26.85 -2.30%
USG $28.30 0.86%

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