4 Big-Volume Stocks Moving Higher

Engility

Engility (EGL) is a provider of systems engineering services, training, program management and operational support for the U.S. government worldwide. This stock is trading up 1.3% at $18.63 in recent trading.

Today's Volume: 271,000

Average Volume: 287,162

Volume % Change: 90%

From a technical perspective, EGL is bouncing modestly higher here right off its 50-day moving average of $18.08 with decent volume. This move is quickly pushing EGL within range of triggering a near-term breakout trade. That trade will hit once EGL manages to take out some near-term overhead resistance at $20 with high volume.

Traders should now look for long-biased trades in EGL as long as it's trending above its 50-day at $18.08, and then once it sustains a move or close above $20 with volume that hits near or above 287,162 shares. If that breakout triggers soon, then EGL will setup to re-test or possibly take out its all-time high at $22.50.

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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