ROG) manufactures specialty materials that are grouped into three reportable segments: high-performance foams, printed circuit materials and power electronics solutions. This stock is trading up 2% at $45.49 in recent trading.
Today's Volume: 127,000
Average Volume: 76,432
Volume % Change: 129%
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From a technical perspective, ROG is bouncing higher here right off its 200-day moving average of $44.33 with above-average volume. This stock has been uptrending strongly for the last month, with shares moving higher from its low of $37.20 to its intraday high of $45.68. During that move, shares of ROG have been mostly making higher lows and higher highs, which is bullish technical price action. That move is now quickly pushing shares of ROG within range of triggering a near-term breakout trade, which will hit if ROG manages to take out its 50-day moving average of $45.78 with high volume.
Traders should now look for long-biased trades in ROG as long as it's trending above its 200-day at $44.33 and then once it sustains a move or close above its 50-day at $45.78 with volume that hits near or above 76,432 shares. If that breakout triggers soon, then ROG will set up to re-test or possibly take out its next major overhead resistance levels at $48 to $50.
To see more stocks rising on unusual volume, check out the
Stocks Rising on Unusual Volume
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-- Written by Roberto Pedone in Madison, Wis.
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