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8 Stocks Soaring on Unusual Volume

Traders should now look for long-biased trades in SHLD as long as it's trending above today's low of $41.15 with strong upside volume flows. I would consider any upside volume day that registers near or above 1.16 million shares as bullish. If SHLD can maintain that trend, then this stock could possibly bounce back towards its next significant overhead resistance levels at $47.50 to $50. Any high-volume move above $50 would then put its 200-day at $53.06 into focus for shares of SHLD.

Zebra Technologies (ZBRA)

This company designs, manufactures and sells specialty printing devices that print variable information on demand at the point of issuance. This stock is trading up 2% at $39.74 in recent trading.

Today's Volume: 198,000

Average Volume: 182,389

Volume % Change: 83%

From a technical perspective, ZBRA is bouncing higher here right above some near-term support at $38.50 with above-average volume. This move has also started to push ZBRA into major breakout territory, since the stock has challenged some past overhead resistance at $39.76. At last check, ZBRA has hit an intraday high of $39.86 and volume is just starting to surpass its three-month average action of 182,389 shares.

Traders should now look for long-biased trades in ZBRA as long as it's trending above $38.50, and then once it sustains a move or close above $39.12 to $39.86 with volume that hits near or above 182,389 shares. If that breakout triggers soon, then ZBRA will set up to re-test or possibly take out its next major overhead resistance levels at $41.88 to $43.

To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.

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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 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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