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5 Winners Blowing Up on Unusual Volume

Stocks in this article: RSH GRPN NIHD OTT GTE

Traders should now look for long-biased trades in NIHD as long as it's trending above $5.50, and then once it sustains a move or close above its 50-day at $6.41 with volume that hits near or above 4.74 million shares. If that breakout triggers soon, then NIHD will set up to re-test or possibly take out its next major overhead resistance levels at $7 to $8.17. Any high-volume move above $8.58 to $8.76 will then put $9 to $10 into focus for shares of NIHD.

Otelco (OTT)

This company is engaged in the business of providing a range of telecommunications services on a retail and wholesale basis. This stock is trading up 7% to $1.52 in recent trading.

Today's Range: $1.41-$1.59

52-Week Range: $1.25-$15.12

Volume: 134,000

Three-Month Average Volume: 187,929

From a technical perspective, OTT is exploding higher here right off some near-term support at $1.40 with decent volume. This move has started to push OTT into breakout territory, since the stock has flirted with some near-term overhead resistance at $1.55. At last check, OTT has hit an intraday high of $1.59 and volume is a touch below its three-month average action of 187,929 shares.

Traders should now look for long-biased trades in OTT as long as it's trending above $1.40, and then once it sustains a move or close above $1.55 to $1.59 with volume that hits near or above 187,929 shares. If OTT can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day of $1.83 to $2.18. Any high-volume move above $2.18 will then put $2.50 to $2.72 into focus for shares of OTT.

Gran Tierra Energy (GTE)

This is an independent international energy company engaged in oil and gas acquisition, exploration, development and production. This stock is trading up 2.2% to $5.87 in recent trading.

Today's Range: $5.68-$5.97

52-Week Range: $4.00-$6.65

Volume: 726,000

Three-Month Average Volume: 708,056

From a technical perspective, GTE is trending higher here right above some near-term support at $5.47 with above-average volume. This stock has been uptrending strong for the last six months, with shares moving from a low of $4 to its recent high of $6.05. During that move, shares of GTE have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed GTE within range of triggering a near-term breakout trade. That trade will hit once GTE clears some near-term overhead resistance at $6.05 with high volume.

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