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TRIP) is an online travel company empowering users to plan and have the perfect trip. This stock closed up 1.3% at $75.01 in Monday's trading session.
Monday's Volume: 3.28 million
Three-Month Average Volume: 1.69 million
Volume % Change: 92%
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From a technical perspective, TRIP rose modestly higher here and trended back above its 50-day moving average of $74.60 with strong upside volume. This stock recently dropped sharply from its high of $79.89 to its low of $68.11. Since that drop, shares of TRIP have started to rebound sharply and test its 50-day moving average.
Traders should now look for long-biased trades in TRIP as long as it's trending above Monday's low of $72.54 and then once it sustains a move or close above Monday's high of $75.07 with volume that's near or above 1.69 million shares. If we get that move soon, then TRIP will set up to re-test or possibly take out its next major overhead resistance levels at $79.89 to its 52-week high at $82.19.
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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