Traders should now look for long-biased trades in SPN as long as it's trending above its 50-day at $25.54 or above $25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.95 million shares. If that breakout triggers soon, then SPN will set up to re-test or possibly take out its next major overhead resistance levels at $28.20 to $30 -- or even $32.
To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Madison, Wis.
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