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4 Stocks Spiking on Unusual Volume

Wednesday's Volume: 688,000

Average Volume: 318,853

Volume % Change: 137%

Shares of TRLA ripped higher on Wednesday after positive news hit the wires from the Mortgage Brokers Association regarding mortgage applications and after the company announced a partnership with Midwest Real Estate Data.

From a technical perspective, TRLA ripped higher here and enter breakout territory above some near-term overhead resistance at $28.49 with above-average volume. This move has temporarily stopped the recent downtrend for TRLA, which took the stock from its high of $38.22 to its low of $23.08. Shares of TRLA held above its 50-day moving average during that recent downtrend.

Traders should now look for long-biased trades in TRLA as long as it's trending above that key breakout level of $28.49 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 318,853 shares as bullish. If TRLA can maintain that trend, then this stock could tag $32 to $34 soon. Any high-volume move above $34 will then put $38.22 into range for shares of TRLA.

Oxford Industries

Oxford Industries (OXM) is an apparel company that designs, sources, markets and distributes products bearing the trademarks of its company-owned lifestyle brands as well as certain licensed and private label apparel products. This stock closed up 3.4% at $52.14 on Wednesday.

Wednesday's Volume: 477,000

Average Volume: 149,883

Volume % Change: 245%

From a technical perspective, OXM soared higher here and enter breakout territory above some near-term overhead resistance at $51.47 with above-average volume. This stock has been uptrending strong for the last few weeks, with shares moving higher from its low of $42.19 to its intraday high of $52.33. During that move, shares of OXM have been consistently making higher lows and higher highs, which is bullish technical price action.

Traders should now look for long-biased trades in OXM as long as it's trending above that key near-term breakout level of $51.47 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 149,883 shares as bullish. If OXM can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $55 to $56.81.

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