Traders should now look for long-biased trades in JAZZ as long as it's trending above that first breakout level of $57.70, and then once it sustains a move or close above $59.89 to its 52-week high at $60 with volume that hits near or above 472,361 shares. If that breakout triggers soon, then JAZZ will set up to enter new 52-week high territory above $60, which is bullish technical price action. Some possible upside targets off that breakout are $65 to $70 in the near future.
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.
Twitter and become a fan on Facebook.