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3 Stocks Rising on Unusual Volume

Stocks in this article: ZGNX HGG BLDR

hhgregg (HGG)

This is a specialty retailer of consumer electronics, home appliances and related services operating under the name hhgregg. This stock is trading up 6.3% to $7.99 in recent trading.

Today's Range: $7.51-$8.05

52-Week Range: $5.84-$14.87

Volume: 162,000

Three-Month Average Volume: 348,110

From a technical perspective, HGG is bouncing to the upside here right off its 50-day moving average of $7.52 with lighter volume. This move has started to push HGG into breakout territory, since the stock has taken out some near-term overhead resistance levels at $7.56 to $7.74. Shares of HGG are now moving within range of triggering another major breakout trade. That trade will hit once HGG clears some more overhead resistance levels at $8.53 to $8.84 and then when it takes out its 200-day at $8.89 with high volume.

Traders should now look for long-biased trades in HGG as long as it's trending above its 50-day at $7.52, and then once it sustains a move or close above those breakout levels with volume that hits near or above 348,110 shares. If that breakout triggers soon, then HGG will set up to re-fill some of its previous gap down zone from July that started at $12.

Builders FirstSource (BLDR)

This company is a supplier and manufacturer of structural and related building products for residential new construction. This stock is trading up 6.6% to $5.44 in recent trading.

Today's Range: $5.12-$5.46

52-Week Range: $1.81-$6.05

Volume: 455,000

Three-Month Average Volume: 389,384

Shares of BLDR are soaring today after the company said it increased its liquidity by $93 million to support sales growth.

From a technical perspective, BLDR is bouncing strongly here right off its 50-day moving average of $5.10 with high volume. This move is quickly pushing BLDR within range of triggering a near-term breakout trade. That trade will hit once BLDR manages to take out some near-term overhead resistance levels at $5.36 to $5.42 with high volume. At last check, shares of BLDR have hit an intraday high of $5.46 with volume that's well above its three-month average action of 389,384 shares.

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