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TheStreet Open House

3 Stocks Rising on Unusual Volume


ManpowerGroup ( MAN) offers permanent, temporary and contract recruitment services, assessment and selection services, training and development services and outsourcing services, among others. This stock closed up 0.95% at $66.61 in Wednesday's trading session.

Wednesday's Volume: 1.14 million
Three-Month Average Volume: 554,848
Volume % Change: 112%

>>5 Stocks Set to Soar on Bullish Earnings

From a technical perspective, MAN trended higher here right above some near-term support at $66 with above-average volume. This move pushed shares of MAN into new 52-week-high territory, which is bullish technical price action. This stock also flirted with its three-year high of $66.79, before closing just below that level at $66.61.

Traders should now look for long-biased trades in MAN as long as it's trending above some near-term support levels at $66 or $65 and then once it sustains a move or close above Wednesday's high of $67.22 with volume that's near or above 554,848 shares. If we get that move soon, then MAN will set up to enter new 52-week-high and three-year-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $70 to $75.


Spectranetics ( SPNC) develops, manufactures, markets and distributes single-use medical devices used in minimally invasive procedures within the cardiovascular system. This stock closed up 3.3% at $19.50 in Wednesday's trading session.

Wednesday's Volume: 543,000
Three-Month Average Volume: 298,539
Volume % Change: 90%

>>5 Rocket Stocks to Buy for Earnings Season

From a technical perspective, SPNC ripped higher here right off its 50-day moving average of $18.96 with above-average volume. This move is quickly pushing shares of SPNC within range of triggering a near-term breakout trade. That trade will hit if SPNC manages to take out some near-term overhead resistance levels at $19.60 to $20 with high volume. Shares of SPNC hit an intraday high on Wednesday of $19.62 and volume was well above its three-month average action of 298,539 shares.

Traders should now look for long-biased trades in SPNC as long as it's trending above its 50-day at $18.96 or above some more near-term support at $18.37 and then once it sustains a move or close above those breakout levels with volume that's near or above 298,539 shares. If that breakout hits soon, then SPNC will set up to re-test or possibly take out its 52-week high at $20.99. Any high-volume move above that level will then give SPNC a chance to tag $25.

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