Monro Muffler Brake
Today's Volume: 877,000
Average Volume: 320,520Volume % Change: 271% From a technical perspective, MNRO is ripping higher here right off some near-term support at $37 with above-average volume. This move is quickly pushing shares of MNRO within range of triggering a near-term breakout trade. That trade will hit if MNRO manages to take out some key overhead resistance levels at $39.15 to $39.51 with high volume. Traders should now look for long-biased trades in MNRO as long as it's trending above $37 and then once it sustains a move or close above those breakout levels with volume that hits near or above 877,000 shares. If that breakout triggers soon, then MNRO will set up to re-test or possibly take out its next major overhead resistance levels at $41.94 to $43.29. To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
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