8 Stocks Climbing Higher on Unusual Volume

Traders should now look for long-biased trades in BANR as long as it's trending above its 50-day at $27.45, and then once it sustains a move or close above $30.05 to $30.77 with volume that hits near or above 147,232 shares. If we get that action, then BANR will set up to trend well north of $30 a share in the near future.

Electronics for Imaging (EFII)

This company deals in color digital print controllers, super-wide format printers and inks and print management solutions. This stock is trading up 4.8% at $17.53 in recent trading.

Today's Volume: 683,000

Average Volume: 243,659

Volume % Change: 364%

From a technical perspective, EFII is gapping higher here back above its 50-day moving average of $16.92 with above-average volume. This move is quickly pushing EFII within range of triggering a near-term breakout trade. That trade will hit once EFII manages to take out some near-term overhead resistance at $18.17 with high volume

Traders should now look for long-biased trades in EFII as long as it's trending above its 50-day at $16.92, and then once it sustains a move or close above $18.17 with volume that hits near or above 243,659 shares. If that breakout triggers soon, then EFII will set up to re-test or possibly take out its next major overhead resistance levels at $18.99 to $19.17. Keep in mind that any move above $19.17 will then push EFII into three-year high territory, which is bullish technical price action.

Thoratec (THOR)

This company develops, manufactures and markets proprietary medical devices used for circulatory support. This stock is trading up 6.9% at $37.44 in recent trading.

Today's Volume: 684,000

Average Volume: 440,005

Volume % Change: 125%

Shares of THOR are spiking higher today after Wells Fargo upgraded the stock to outperform from market perform, as it expects the company to benefit from reduced demand for HeartWare's (HTWR) solution. The firm said that THOR is likely to beat 2013 revenue expectations.

From a technical perspective, THOR is ripping higher here with above-average volume. This move is quickly pushing THOR within range of triggering a major breakout trade. That trade will hit once THOR manages to take out some near-term overhead resistance at $38.12 with high volume.

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