This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

3 Stocks Rising on Unusual Volume

NXP Semiconductors

NXP Semiconductors (NXPI) provides high-performance mixed signal and standard product solutions for radio frequency, analog, power management, interface, security and digital processing products worldwide. This stock closed up 2% to $58.09 in Wednesday's trading session.

Wednesday's Volume: 5.04 million
Three-Month Average Volume: 3.24 million
Volume % Change: 56%

From a technical perspective, NXPI jumped notably higher here with above-average volume. This stock recently formed a double bottom chart pattern at $55.90 to $56.13. Following that bottom, shares of NXPI have started to uptrend and move within range of triggering a near-term breakout trade. That trade will hit if NXPI manages to take out Wednesday's high of $60.31 to its 52-week high at $60.48 with high volume.

Traders should now look for long-biased trades in NXPI as long as it's trending above Wednesday's low of $57.43 or above more support at $55.90 and then once it sustains a move or close above those breakout levels with volume that hits near or above 3.24 million shares. If that breakout gets underway soon, then NXPI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $65 to $70.

Bio-Reference Laboratories

Bio-Reference Laboratories (BRLI) provides clinical laboratory testing services for the detection, diagnosis, evaluation, monitoring and treatment of diseases primarily in the greater New York metropolitan area. This stock closed up 3.6% at $28.26 in Wednesday's trading session.

Wednesday's Volume: 473,000
Three-Month Average Volume: 323,530
Volume % Change: 65%

From a technical perspective, BRLI jumped sharply higher here and broke out above some near-term overhead resistance at $27.89 with above-average volume. This move briefly pushed shares of BRLI back above its 200-day moving average of $28.32 before the stock closed just below that level at $28.26. Market players should now look for a continuation move higher in the short-term if BRLI manages to take out Wednesday's high of $29.02 with strong volume.

Traders should now look for long-biased trades in BRLI as long as it's trending above Wednesday's low of $27.39 or above its 50-day at $26.28 and then once it sustains a move or close above $29.02 with volume that's near or above 323,530 shares. If that breakout triggers soon, then BRLI will set up to re-fill some of its previous gap-down-day zone from last November that started near $35.

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.

RELATED LINKS:

 

Follow Stockpickr on Twitter and become a fan on Facebook.

At the time of publication, author had no positions in stocks mentioned. Roberto Pedone, based out of Delafield, Wis., is an independent trader who focuses on technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.
2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,084.97 +13.75 0.08%
S&P 500 1,981.11 +3.31 0.17%
NASDAQ 4,515.4310 +9.5790 0.21%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs