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TheStreet Open House

4 Stocks Rising On Unusual Volume

Bruker

Bruker (BRKR) is engaged in designing, manufacturing, marketing and servicing proprietary life science and materials research systems based on its core technology platforms. This stock is trading up 10% at $13.92 in recent trading.

Today's Volume: 954,000

Average Volume: 691,806

Volume % Change: 132%

Shares of BRKR are soaring today after the company said its third quarter net income doubled, helped by easy comparisons to a prior-year period weighed down by more than twice as much in one-time charges.

From a technical perspective, BRKR is gapping sharply higher here right off its 50-day at $12.65 and back above its 200-day at $13.96 with above-average volume. This move is quickly pushing BRKR within range of triggering a near-term breakout trade. That trade will hit once BRKR takes out some key overhead resistance levels at $13.85 to $14.29 with high volume.

Traders should now look for long-biased trades in BRKR as long as it's trending above today's low of $13.72, and then once it sustains a move or close above those breakout levels with volume that hits near or above 691,806 shares. If that breakout triggers soon, then BRKR will set up to re-test or possibly take out its next major overhead resistance levels at $15.75 to $17.01.

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 technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com . You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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 technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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