Traders should now look for long-biased trades in HWAY as long as it's trending above Wednesday's low of $14.05 and then once it sustains a move or close above its new 52-week high at $15.49 with volume that hits near or above 175,280 shares. If we get that move soon, then HWAY will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $17 to $20.
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.
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