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4 Stocks Rising on Unusual Volume

Stocks in this article: EDU HMIN WWW SRDX

Wednesday's Volume: 2.98 million
Three-Month Average Volume: 1.14 million
Volume % Change: 163%

>>5 Stocks Set to Soar on Bullish Earnings

From a technical perspective, EDU ripped sharply higher here right above some near-term support at $23.06 with above-average volume. This move pushed shares of EDU into breakout and new 52-week-high territory, since the stock took out some near-term overhead resistance at $24.50.

Traders should now look for long-biased trades in EDU as long as it's trending above $23 or above its 50-day at $22.40 and then once it sustains a move or close above Wednesday's high $24.74 with volume that's near or above 1.14 million shares. If we get that move soon, then EDU will set up to re-test or possibly take out its next major overhead resistance levels at $28 to $30.

Home Inns & Hotels Management

Home Inns & Hotels Management ( HMIN) develops, leases, operates, franchises and manages economy hotels in China. This stock closed up 4.8% at $34.07 in Wednesday's trading session.

Wednesday's Volume: 731,000
Three-Month Average Volume: 218,547
Volume % Change: 207%

>>5 Rocket Stocks to Buy for September Gains

From a technical perspective, HMIN spiked sharply higher here right above some near-term support at $32.19 and above its 50-day moving average at $31.50 with above-average volume. This stock recently pulled back from its 52-week high at $36.74 to right above its 50-day at $31.50. This bounce right above its 50-day is now pushing shares of HMIN within range of triggering a near-term breakout trade. That trade will hit if HMIN manages to take out some near-term overhead resistance at $34.83 with high volume.

Traders should now look for long-biased trades in HMIN as long as it's trending above $32 or its 50-day at $31.50 and then once it sustains a move or close above $34.83 with volume that's near or above 218,547 shares. If we get that move soon, then HMIN will set up to re-test or possibly take out its 52-week high at $36.74. Any high-volume move above that level will then give HMIN a chance to tag its next major overhead resistance levels at $40 to $42.

Wolverine World Wide

Wolverine World Wide ( WWW) designs, manufactures and markets quality casual footwear and apparel, performance outdoor and athletic footwear and apparel, children's footwear, industrial work boots and apparel and uniform shoes and boots. This stock closed up 1.3% at $57.09 in Wednesday's trading session.

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