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TheStreet Open House

7 Stocks Booming on Unusual Volume

Stocks in this article: MHPBRCMCXWYNDXASPS

Traders should now look for long-biased trades in ASPS as long as it's trending near or above its 50-day at $106.43, and then once it sustains a move or close above those breakout levels with volume that hits near or above 230,898 shares. If that breakout hits soon, then ASPS will set up to re-test or possibly take out its next major overhead resistance levels at $115.15 to $129.72.

ManpowerGroup (MAN)

This company is in the employment services industry whose five brands are Manpower, Manpower Professional, Elan, Jefferson Wells and Right Management provides a range of services for the entire employment and business cycle. This stock is trading up 3.3% at $40.99 in recent trading.

Today's Volume: 805,000

Average Volume: 796,229

Volume % Change: 66%

From a technical perspective, MAN is ripping higher here above some near-term overhead resistance levels at $39.48 to $40.47 with above-average volume. This move is quickly pushing MAN within range of triggering a major breakout trade. That trade will hit once MAN takes out some near-term overhead resistance at $41.31 with high volume.

Traders should now look for long-biased trades in MAN as long as it's trending above $39.48 to $40.47 and then once it sustains a move or close above $41.31 with volume that hits near or above 796,229 shares. If that breakout triggers soon, then MAN will set up to re-test or possibly take out its next major overhead resistance levels at $43 to $44.

MasTec (MTZ)

This is an infrastructure construction company, engages in engineering, building, installing, maintaining, and upgrading energy, communication, and utility infrastructure in North America. This stock is trading up 3.1% at $23.61 in recent trading.

Today's Volume: 1.10 million

Average Volume: 947,648

Volume % Change: 62%

From a technical perspective, MTZ is bouncing higher here right above its 50-day moving average of $21.91 with above-average volume. This move has also pushed shares of MTZ above some near-term overhead resistance at $23. Shares of MTZ are now moving within range of triggering a major breakout trade. That trade will hit once MTZ manages to take out its 52-week high of $24.40 with high volume.

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