Mondays Volume: 1.24 million
Three-Month Average Volume: 526,509
Volume % Change: 124%
From a technical perspective, PGTI spiked higher here right above its 50-day moving average of $9.86 with above-average volume. This move briefly pushed shares of PGTI into breakout territory, since the stock flirted with some near-term overhead resistance at $10.50. Shares of PGTI are now quickly moving within range of triggering an even bigger breakout trade. That trade will hit if PGTI manages to take out some key overhead resistance levels at $11 to $11.19, and then once it takes out its 52-week high at $11.69 with high volume.Traders should now look for long-biased trades in PGTI as long as its trending above Monday's low of $10.11 or above its 50-day at $9.86 and then once it sustains a move or close above those breakout levels with volume thats near or above 526,509 shares. If that breakout hits soon, then PGTI will set up to enter new 52-week-high territory above $11.69, which is bullish technical price action. Some possible upside targets off that breakout are $13 to $15. 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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