4 More Stocks Jumping on Unusual Volume

Virtusa (VRTU)

This is an information technology services company. It uses an offshore delivery model to provide a range of information technology services, including IT consulting, technology implementation and application outsourcing. This stock is trading up 2.5% at $15.58 in recent trading.

Today's Volume: 119,000

Average Volume: 66,394

Volume % Change: 140%

From a technical perspective, VRTU is bouncing higher here right off some near-term support at $15 with above-average volume. This move has started to push VRTU above its 200-day at $15.56 and its quickly moving the stock within range of triggering a major breakout trade. That trade will hit once VRTU manages to take out some near-term overhead resistance levels at $16.07 to its 50-day at $16.21 with high volume.

Traders should now look for long-biased trades in VRTU as long as it's trending above $15, and then once it sustains a move or close above those breakout levels with volume that hits near or above 66,394 shares. If that breakout triggers soon, then VRTU will set up to re-test or possibly take out its next major overhead resistance levels at $17.80 to $18.03.

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

-- Written by Roberto Pedone in Winderemere, Fla.

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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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