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2 Stocks Rising on Big Volume

AZZ

AZZ (AZZ - Get Report) manufactures electrical equipment and components for power generation, transmission and distribution, and the general industrial markets. This stock closed up 3% at $45.70 in Friday's trading session.

Friday's Volume: 336,000
Three-Month Average Volume: 187,787
Volume % Change: 326%

From a technical perspective, AZZ spiked notably higher here right above its 50-day moving average of $43.40 with strong upside volume. This move briefly pushed shares of AZZ into breakout territory, after the stock flirted with some near-term overhead resistance levels at $45.10 to $46. Market players should now look for a continuation move to the upside in the short-term if AZZ manages to take out Friday's high of $46.82 with high volume.

Traders should now look for long-biased trades in AZZ as long as it's trending above Fridays low of $44.27 or above its 50-day at $43.40 and then once it sustains a move or close above Friday's high of $46.82 with volume that's near or above 187,787 shares. If that move gets underway soon, then AZZ will set up to re-test or possibly take out its 52-week high of $49.64.

Avon Products

Avon Products (AVP - Get Report) manufactures and markets beauty and related products. This stock closed up 2.6% at $15.07 in Friday's trading session.

Friday's Volume: 9.34 million
Three-Month Average Volume: 4.26 million
Volume % Change: 235%

From a technical perspective, AVP spiked notably higher here back above its 50-day moving average of $14.89 with heavy upside volume. This stock recently formed a triple bottom chart pattern at $14.18, $14.18 and $14.27. Following that bottom, shares of AVP have started to spike higher back above its 50-day and it's quickly moving within range of triggering a big breakout trade. That trade will if AVP manages to take out Friday's high of $15.07 to some more near-term overhead resistance at $15.67 with high volume.

Traders should now look for long-biased trades in AVP as long as it's trending above Fridays low of $14.56 or above those triple bottom support levels and then once it sustains a move or close above those breakout levels with volume that's near or above 4.26 million shares. If that breakout hits soon, then AVP will set up to re-test or possibly take out its next major overhead resistance levels at $17.50 to $18.

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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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.
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SYM TRADE IT LAST %CHG
AVP $6.91 0.00%
BGS $30.00 0.00%
AZZ $49.37 0.00%
AAPL $131.39 0.00%
FB $80.48 0.00%

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