4 Stocks Spiking on Unusual Volume

Mine Safety Appliances

Mine Safety Appliances (MSA) is engaged in the development, manufacture and supply of products that protect people's health and safety. This stock closed up 2.9% at $46.54 on Wednesday.

Wednesday's Volume: 426,000

Average Volume: 96,560

Volume % Change: 296%

Shares of MSA rose modestly on Wednesday after the company reported an earnings per share increase of 1.96% to 52 cents per share, versus EPS of 46 cents per share in the year-earlier quarter. Revenue decreased 2.65% to $296.7 million from the year-earlier quarter.

From a technical perspective, MSA spiked higher here right off some near-term support at $44.97 with above-average volume. This move has pushed shares of MSA into breakout territory, since the stock took out some near-term overhead resistance at $46.34. That move has also pushed shares of MSA into new 52-week-high territory, since the stock hit an intraday high of $46.85.

Traders should now look for long-biased trades in MSA as long as it's trending above $46.34 or its Wednesday low of $45.44, and then once it triggers a new breakout trade above $46.85 with volume that hits near or above 96,560 shares. If that breakout hits soon, then MSA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $50 to $52 in the near future.

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