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5 Stocks Soaring on Unusual Volume

Ocean Rig UDW

Ocean Rig UDW (ORIG), an offshore drilling contractor, is trading up 3.9% to $17.85 in recent trading.

Today's Volume: 328,000
Average Volume: 338,957
Volume % Change: 59%

From a technical perspective, ORIG is bouncing higher here right above its 50-day moving average of $16.34 with decent upside volume. This move is quickly pushing shares of ORIG within range of triggering a near-term breakout trade. That trade will hit if ORIG manages to take out some near-term overhead resistance levels at $17.80 to $17.99 and then once it clears its 52-week high at $18.43 with high volume. At last check, ORIG has hit an intraday high of $18.04 and volume is about to surpass its three-month average action of 338,957 shares.

Traders should now look for long-biased trades in ORIG as long as it's trending above today's low of $16.89 or above its 50-day at $16.34 and then once it sustains a move or close above those breakout levels with volume that hits near or above 338,957 shares. If that breakout triggers soon, then ORIG will set up to enter new all-time high territory above $18.73, which is bullish technical price action. Some possible upside targets off that breakout are $20 to $23.

Susser

Susser (SUSS) operates convenience stores and distributes motor fuels in Texas, New Mexico and Oklahoma. This stock is trading up 1% at $50.14 in recent trading.

Today's Volume: 288,000
Average Volume: 282,250
Volume % Change: 63%

From a technical perspective, SUSS is bouncing modestly higher here right off some near-term support at $48.85 with above-average volume. This move is quickly pushing shares of SUSS within range of triggering a near-term breakout trade. That trade will hit if SUSS manages to take out its 50-day moving average at $51.18 and then once it clears more resistance levels at $51.62 to $52.60 with high volume.

Traders should now look for long-biased trades in SUSS as long as it's trending above today's low of $48.85 and then once it sustains a move or close above those breakout levels with volume that hits near or above 282,250 shares. If that breakout triggers soon, then SUSS will set up to re-test or possibly take out its next major overhead resistance levels at $55 to $57.

Stock quotes in this article: ADES, PMC, ISRG, ORIG, SUSS 

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