6 Stocks Rising on Unusual Volume

Medidata Solutions (MDSO)

This company provides hosted clinical development solutions that enhance the efficiency of its customers' clinical development processes and optimize their research and development investments. This stock is trading up 1.1% at $41.65 in recent trading.

Today's Volume: 639,000

Average Volume: 154,081 Volume % Change: 452%

From a technical perspective, MDSO is bouncing strongly here right off its 50-day moving average of $39.72 with above-average volume. This stock has been uptrending very strong for the last six months, with shares rising from a low of $26.91 to its recent high of $43.20. During that uptrend, shares of MDSO have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed MDSO within range of triggering a breakout trade. That trade will hit once MDSO manages to take out some near-term overhead resistance at $43.20.

Traders should now look for long-biased trades in MDSO as long as it's trending near or above its 50-day at $39.72, and then once it sustains a move or close above $43.20 with volume that hits near or above 154,081 shares. If that breakout triggers soon, then look for MDSO will set up to trend up towards $45 to $50 in the near future. Keep in mind that any move above $43.79 will push MDSO into new 52-week high territory, which is bullish technical price action.

Silgan (SLGN)

This company is a manufacturer of metal and plastic consumer goods packaging products. This stock is trading up 4.3% at $43.15 in recent trading.

Today's Volume: 384,000

Average Volume: 176,314

Volume % Change: 169%

From a technical perspective, SLGN is ripping higher here back above its 50-day at $42.75 and its 200-day at $42.78 with above-average volume. This move is quickly pushing SLGN within range of triggering a major breakout trade. That trade will hit once SLGN manages to take out some past overhead resistance levels at $44.37 to $44.99 with high volume.

Traders should now look for long-biased trades in SLGN as long as it's trending above its 50-day at $42.75, and then once it sustains a move or close above those breakout levels with volume that hits near or above 176,314 shares. If that breakout triggers soon, then look for SLGN to re-test or possibly take out its next major overhead resistance level at $46.12.

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