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TheStreet Open House

4 More Stocks Jumping on Unusual Volume

Today's Volume: 1.39 million

Average Volume: 741,900

Volume % Change: 148%

From a technical perspective, SODA is exploding higher here with heavy upside volume. This move has started to push SODA into breakout territory, since the stock has moved above some near-term overhead resistance levels at $41.65 to $43. Shares of SODA are now quickly moving within range of triggering another major breakout trade. That trade will hit once SODA clears some past overhead resistance at $44.50 with high volume.

Traders should now look for long-biased trades in SODA as long as it's trending above $41.65, and then once it sustains a move or close above $43 to $44.50 with volume that hits near or above 741,900 shares. If that breakout triggers soon, then SODA will set up to re-test or possibly take out its 52-week high of $48.13. Any high-volume move above $48.13 would then give SODA a chance to push above $50 in the near future.

Ormat Technologies (ORA)

This company is engaged in the geothermal and recovered energy power business. It designs, develops, builds, owns, and operates clean, environmentally friendly geothermal and recovered energy-based power plants. This stock is trading up 4.2% at $20.05 in recent trading.

Today's Volume: 147,000

Average Volume: 76,295

Volume % Change: 166%

From a technical perspective, ORA is ripping higher here right off some near-term support at $19 and its moving back above its 200-day at $19.43 with above-average volume. This move is quickly pushing ORA within range of triggering a near-term breakout trade. That trade will hit once ORA manages to take out some near-term overhead resistance at $20.05 with high volume. At last check, ORA has hit an intraday high of $20.16 and volume is well above its three-month average action of 76,295 shares.

Traders should now look for long-biased trades in ORA as long as it's trending above its 200-day at $19.43, and then once it sustains a move or close above $20.05 to $20.16 with volume that hits near or above 76,295 shares. If that breakout triggers soon, then ORA will set up to re-test or possibly take out its next major overhead resistance level at $21.15. Any high-volume move above $21.15 would then put $21.50 to $21.78 into focus for shares of ORA.

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