Boulder Brands (
BDBD) is a marketer of functional food products under the Smart Balance, Earth Balance and Bestlife trademarks. This stock is trading up 7.2% at $12.49 in recent trading.
Today's Volume: 829,000
Average Volume: 602,258
Volume % Change: 140%
>>5 Stocks Under $10 Set to Soar
From a technical perspective, BDBD is ripping higher here and making a continuation move higher off its recent breakout above resistance at $11.40 with above-average volume. This move is quickly pushing shares of BDBD within range of triggering another major breakout trade. That trade will hit if BDBD manages to take out some past overhead resistance levels at $13.86 to its 52-week high at $13.99 with high volume.
Traders should now look for long-biased trades in BDBD as long as it's trending above $11.40 or above $12 and then once it sustains a move or close above those breakout levels with volume that hits near or above 602,258 shares. If that breakout triggers soon, then BDBD will set up to enter new 52-week-high territory above $13.99, which is bullish technical price action. Some possible upside targets off that breakout are $15 to $17.
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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