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4 More Stocks Soaring on Unusual Volume

rue21 (RUE)

This is a specialty apparel retailer offering the newest fashion trends at every day great value. It offers a broad selection of merchandise for anyone who wants to look and feel 21. This stock is trading up 4.8% at $30.24 in recent trading.

Today's Volume: 296,000

Average Volume: 246,479

Volume % Change: 89%

From a technical perspective, RUE is spiking higher here right off its 50-day moving average of $28.85 with above-average volume. This move is starting to push RUE into breakout territory, since the stock has taken out some near-term overhead resistance levels at $29.82 to $30.01. At last check, RUE has hit an intraday high of $30.58 and volume is a modestly above its three-month average action of 246,479 shares.

Traders should now look for long-biased trades in RUE as long as it's trending above its 50-day at $28.85, and then once it sustains a move or close above those breakout levels with volume that this near or above 246,479 shares. If that breakout triggers soon, then RUE will set up to re-test or possibly take out its next major overhead resistance levels at $31.46 to $32.94. Any move above $32.94 will then put $33.65 into focus for shares of RUE.

Carrizo Oil & Gas (CRZO - Get Report)

This is an energy company engaged in the exploration, development and production of natural gas and oil. This stock is trading up 3.6% at $21.63 in recent trading.

Today's Volume: 1.08 million

Average Volume: 972,979

Volume % Change: 71%

From a technical perspective, CRZO is ripping higher here back above its 50-day moving average of $21.14 with above-average volume. This move is quickly pushing shares of CRZO within range of triggering a near-term breakout trade. That trade will hit if CRZO manages to take out some near-term overhead resistance levels at $21.95 to $22.69 with high volume.

Traders should now look for long-biased trades in CRZO as long as it's trending above its 50-day at $21.14, and then once it sustains a move or close above those breakout levels with volume that hits near or above 972,979 shares. If that breakout hits soon, then CRZO will set up to re-test or possibly take out its next major overhead resistance level at its 200-day moving average of $24.16. Any move above its 200-day will then put $27.16 to $27.30 into range for shares of CRZO.
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SYM TRADE IT LAST %CHG
CRZO $45.90 -0.47%
PANW $172.85 -1.90%
SGY $11.29 -1.10%
RUE $41.99 1.82%
AAPL $125.95 -0.51%

Markets

DOW 17,698.31 -59.60 -0.34%
S&P 500 2,073.08 -4.34 -0.21%
NASDAQ 4,995.7760 -17.3470 -0.35%

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