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4 Stocks Rising on Unusual Volume


Demandware ( DWRE) provides software-as-a-service e-commerce solutions that enable companies to easily design, implement and manage their own customized e-commerce sites, including websites, mobile applications and other digital storefronts. This stock closed up 2.5% to $31.68 on Tuesday.

Tuesday's Volume: 478,000
Average Volume: 249,288
Volume % Change: 100%

From a technical perspective, DWRE bounced higher here right off some near-term support at $31 with above-average volume. This move briefly pushed shares of DWRE into breakout territory, since the stock flirted with some near-term overhead resistance at $31.71. Shares of DWRE closed just below that breakout level at $31.68, and volume was well above its three-month average action of 249,288 shares. This stock is now quickly moving within range of triggering a major breakout trade. That trade will hit if DWRE manages to take out Tuesday's high of $31.88 and then once it clears more resistance at $33.89 to its all-time high at $34.27 with high volume.

Traders should now look for long-biased trades in DWRE as long as it's trending above Tuesday's low of $31.03 and then once it sustains a move or close above those breakout levels with volume that hits near or above 249,288 shares. If that breakout triggers soon, then DWRE will set up to enter new all-time high territory above $34.27, which is bullish technical price action. Some possible upside targets off that breakout are $40 to $43.

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.


Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Madison, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including and . You can follow Pedone on Twitter at or @zerosum24.
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