Traders should now look for long-biased trades in BONT as long as it's trending above that low of $9.85 and then once it sustains a move or close above Wednesday's high of $11 with volume that's near or above 228,850 shares. If we get that move soon, then BONT will set up to re-test or possibly take out its next major overhead resistance levels at $11.46 to its 50-day moving average at $11.95. Any high-volume move above $11.95 to $12.33 will then give BONT a chance to tag $13 to $14.
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.
Twitter and become a fan on Facebook.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts