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3 Tech Stocks Rising on Unusual Volume

Stocks in this article: MTSC AMBA VSH

Ambarella

Ambarella ( AMBA) is a developer of semiconductor processing solutions for video that enable high-definition video capture, sharing and display. This stock is trading up 3.1% at $14.17 in recent trading.

Today's Volume: 524,000
Average Volume: 361,768
Volume % Change: 114%

From a technical perspective, AMBA is bouncing higher here right above some near-term support at $13.50 with above-average volume. This move is starting to push shares of AMBA into breakout territory, since the stock has cleared some near-term overhead resistance levels at $13.68 to $14.08.

Traders should now look for long-biased trades in AMBA as long as it's trending above today's low of $13.75 and then once it sustains a move or close above those breakout levels with volume that hits near or above 361,768 shares. If AMBA can maintain this move, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $15 to $15.50, or possibly even $16. Any move above $16 would then push shares of AMBA into new 52-week high territory, which is bullish technical price action.

MTS Systems

MTS Systems ( MTSC) is a supplier of test systems and industrial position sensors. This stock is trading up 2.1% to $59.70 in recent trading.

Today's Volume: 164,000
Average Volume: 69,676
Volume % Change: 117%

From a technical perspective, MTSC is bouncing higher here right above some near-term support at $58 with above-average volume. This move has started to push shares of MTSC into breakout territory, since the stock has cleared some near-term overhead resistance levels at $58.99 to $59.43.

Traders should now look for long-biased trades in MTSC as long as it's trending above today's low of $58.55 and then once it sustains a move or close above those breakout levels with volume that hits near or above 69,676 shares. If MTSC can maintain that trend, then this stock will set up to enter new 52-week-high territory above $59.76, which is bullish technical price action. Some possible upside targets off that breakout are $63 to $65.

To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.

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