(N - Get Report)
provides cloud-based financials/enterprise resource planning software suites in the U.S. and internationally. This stock is trading up 2.5% at $74.51 in recent trading.
Today's Volume: 574,000
Average Volume: 354,098
Volume % Change: 103%
From a technical perspective, N is spiking higher here with above-average volume. This stock has been uptrending strong for the last month, with shares moving higher from its low of $65.31 to its intraday high of $74.90. During that move, shares of N have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of N within range of triggering a major breakout trade. That trade will hit if N manages to take out its 52-week high at $75.75 with high volume.
Traders should now look for long-biased trades in N as long as it's trending above today's low of $71.41, and then once it sustains a move or close above $75.75 with volume that hits near or above 354,098 shares. If that breakout triggers soon, then N will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $78 to $80 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.
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