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TheStreet Open House

4 Stocks Ripping Higher on Unusual Volume

Stock quotes in this article: MANT, IMPV, OPEN, NXPI

Today's Volume: 376,000

Average Volume: 190,927

Volume % Change: 200%

From a technical perspective, IMPV is soaring here right above some near-term support at $34 to $33.50 with above-average volume. This move has started to push IMPV into breakout territory, since the stock has flirted with some near-term overhead resistance levels at $36.90 to $37.71. At last check, IMPV has hit an intraday high of $37.97 and volume is well above its three-month average action of 190,927 shares.

Traders should now look for long-biased trades in IMPV as long as it's trending above $36.90 to $37.71 with strong upside volume flows. I would consider any upside volume day that registers near or above 190,927 shares as bullish. If IMPV can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $38.93 to $42.41. Any high-volume move above $42.41 will then push IMPV into new all-time high territory, which is bullish technical price action.

OpenTable (OPEN)

This company provides solutions that form an online network connecting reservation-taking restaurants & people who dine at those restaurants. Its solutions are Electronic Reservation Book, for restaurant customers and reservation website for diners. This stock is trading up 2.9% at $50.75 in recent trading.

Today's Volume: 991,000

Average Volume: 437,721

Volume % Change: 202%

Shares of OPEN are trending higher today after the company reported quarterly results that beat analysts' estimates, helped by an increase in the number of seated diners, and the company expects mobile devices to drive more revenue.

From a technical perspective, OPEN are moving modestly higher here right above some near-term support at $48.81 and back above its 50-day moving average at $50.10 with above-average volume. This move is quickly pushing shares of OPEN within range of triggering a near-term breakout trade. That trade will hit if OPEN manages to take out some near-term overhead resistance at $52 with high volume.

Traders should now look for long-biased trades in OPEN as long as it's trending above its 50-day at $50.10, and then once it sustains a move or close above $52 with volume that hits near or above 437,721 shares. If that breakout hits soon, then OPEN will set up to re-test or possibly take out its next major overhead resistance levels at $54 to $55.95. Any high-volume move above $55.95 will then push shares of OPEN into new 52-week high territory, which is bullish technical price action.

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