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4 Stocks Rising on Unusual Volume

Portfolio Recovery Associates

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Portfolio Recovery Associates ( PRAA) is engaged in the business of purchasing, managing and collecting portfolios of defaulted consumer receivables, as well as offering accounts receivable management and payment services. This stock closed up 3.8% to $54.53 in Monday's trading session.

Monday's Volume: 629,000
Three-Month Average Volume: 435,466
Volume % Change: 50%

>>5 Stocks to Watch for Breakout Trades

From a technical perspective, PRAA jumped higher here and broke out above some near-term overhead resistance levels at $53 to $54.62 with above-average volume. This move also pushed shares of PRAA into new 52-week-high territory, which is bullish technical price action. If this breakout holds, then shares of PRAA could be setting up to trend significantly higher.

Traders should now look for long-biased trades in PRAA as long as it's trending above Monday's low of $52.71 to $52 and then once it sustains a move or close above its new 52-week high at $54.93 with volume that hits near or above 435,466 shares. If we get that move soon, then PRAA will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that move are $60 to $65.

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EMES $48.69 2.70%
POT $32.24 -0.03%
PRAA $55.13 1.49%
PBA $31.90 0.76%
YHOO $44.13 -0.69%


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S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

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