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3 Tech Stocks Rising on Unusual Volume

Nanometrics

Nanometrics (NANO - Get Report) supplies advanced process control metrology systems used mainly in the manufacturing of semiconductors, solar photovoltaics and high-brightness LEDs as well as by customers in the silicon wafer and data storage industries. This stock is trading up 3.1% at $15.58 in recent trading.

Today's Volume: 178,000

Average Volume: 104,215

Volume % Change: 164%

From a technical perspective, NANO is ripping higher here right above its 200-day moving average of $14.95 with above-average volume. This stock has been uptrending strongly for the last two months, with shares soaring from $13.51 to its intraday high of $15.82. During that move, shares of NANO have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed NANO into breakout territory, since the stock has flirted with some near-term overhead resistance levels at $15.73 to $15.80.

Traders should now look for long-biased trades in NANO as long as it's trending above its 50-day at $14.58, and then once it sustains a move or close above some key breakout levels at $15.80 to $15.91 with volume that hits near or above 104,215 shares. If that breakout triggers soon, then NANO will set up to re-test or possibly take out its next major overhead resistance levels at $16.50 to $17.50. Any move above $17.50 will then give NANO a chance to re-fill some of its previous gap down zone from last April that started at $19.

Advanced Energy Industries

Advanced Energy Industries (AEIS - Get Report) designs, manufactures, sells and supports industrial power conversion products that transform power into various usable forms. This stock is trading up 3.9% at $14.49 in recent trading.

Today's Volume: 346,000

Average Volume: 185,407

Volume % Change: 153%

From a technical perspective, AEIS is ripping higher here right above some near-term support at $13.50 with above-average volume. This stock has been uptrending strongly for the last two months, with shares soaring from its low of $11.19 to its intraday high of $14.56. During that move, shares of AEIS have been consistently making higher lows and higher highs, which is bullish technical price action. That move has started to push AIES into breakout territory, since the stock has started to flirt with some key overhead resistance levels at $14.47 to $14.53.

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SYM TRADE IT LAST %CHG
AEIS $25.18 -1.79%
NANO $15.28 -0.91%
TDS $27.21 1.57%
AAPL $130.28 0.47%
FB $81.53 -1.07%

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