Three-Month Average Volume: 130,258
Volume % Change: 153% >>5 Rocket Stocks to Buy Now From a technical perspective, AMWD bounced sharply higher here right above its 200-day moving average $31.99 with strong upside volume. During the last two months, this stock has been downtrending from its high of $39.49 to its low of $31.52. During that move, shares of AMWD have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of AMWD might be ready to see that downside volatility cease since the stock has started to bounce off that $31.52 low and above its 200-day at $31.99. Traders should now look for long-biased trades in AMWD as long as it's trending above its 200-day at $31.99 or above that recent low of $31.52 and then once it sustains a move or close above its 50-day at $35.58 and above some more resistance at $36.30 with volume that's near or above 130,258 shares. If we get that move soon, then AMWD will set up to re-test or possibly take out its next major overhead resistance levels at $38 to its 52-week high at $39.49. To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Delafield, Wis.
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