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TheStreet Open House

7 Stocks Rising on Unusual Volume

Stock quotes in this article: PDFS, GEOY, LGND, EXLP, HCSG

Today's Volume: 491,000

Average Volume: 349,064

Volume % Change: 148%

Shares of HCSG are moving higher today after Benchmark upgraded the stock from hold to buy.

From a technical perspective, HCSG is gapping higher here back above its 50-day moving average of $23.26 with above-average volume. This move is quickly pushing shares of HCSG within range of triggering a major breakout trade. That trade will hit if HCSG manages to clear some near-term overhead resistance levels at $24 to $24.49 with high volume. At last check, HCSG has hit an intraday high of $24.08 and volume is well above its three-month average action of 349,064 shares.

Traders should now look for long-biased trades in HCSG as long as it's trending above its 50-day at $23.26, and then once it sustains a move or close above those breakout levels with volume that hits near or above 349,064 shares. If that breakout triggers soon, then HCSG will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $28 to $30.

Cardtronics (CATM)

This company provides ATM management and equipment-related services to nationally-known retail merchants as well as smaller retailers and operators of facilities such as shopping malls and airports. This stock is trading up 2.4% at $24.75 in recent trading.

Today's Volume: 545,000

Average Volume: 282,772

Volume % Change: 196%

From a technical perspective, CATM is spiking higher here right off its 50-day moving average of $24.03 with above-average volume. This stock has been uptrending modestly for the last month, with shares moving higher from its low of $22.20 to its recent high of $24.78. During that move, shares of CATM have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed CATM within range of triggering a near-term breakout trade. That trade will hit if CATM clears some near-term overhead resistance at $24.78 to $25.50 with high volume.

Traders should now look for long-biased trades in CATM as long as it's trending above some key near-term support at $23.13, and then once it sustains a move or close above $24.78 to $25.50 with volume that this near or above 282,772 shares. If that breakout triggers soon, then CATM will set up to re-test or possibly take out its next major overhead resistance level at its 200-day moving average of $27.65.

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