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

4 Stocks Rising on Unusual Volume

Alder Biopharmaceuticals (ALDR), a clinical-stage biopharmaceutical company, discovers, develops and commercializes various therapeutic antibodies in the U.S. and Australia. This stock closed up 4% at $18.71 in Friday's trading session.

Friday's Volume: 1.15 million
Three-Month Average Volume: 238,442
Volume % Change: 1293%

From a technical perspective, ALDR ripped higher here right above some near-term support at $16.76 with monster upside volume. This sharp spike higher on Friday is quickly pushing shares of ALDR within range of triggering a near-term breakout trade. That trade will hit if ALDR manages to take out some key near-term overhead resistance levels at $19.50 to just above $20 with high volume.

Traders should now look for long-biased trades in ALDR as long as it's trending above support at $16.76 and then once it sustains a move or close above those breakout levels with volume that hits near or above 238,442 shares. If that breakout gets underway soon, then ALDR will set up to re-test or possibly take out its all-time high at $22.95. Any high-volume move above that level will then give ALDR a chance to tag $25 to $30.

2 of 4
DOW 16,967.17 +47.58 0.28%
S&P 500 1,984.26 +2.66 0.13%
NASDAQ 4,528.8460 +1.3320 0.03%

Beyond Wall St.