4 Stocks Rising on Unusual Volume
Criteo (CRTO - Get Report), together with its subsidiaries, operates as a technology company that provides Internet display advertising services in France and internationally. This stock closed up 4.6% at $32.11 in Friday's trading session.
Friday's Volume: 978,000
Three-Month Average Volume: 508,971
Volume % Change: 145%
From a technical perspective, CRTO bounced sharply higher here right off some near-term support at $30.27 with above-average volume. This sharp bounce higher on Friday is starting to push shares of CRTO within range of triggering a near-term breakout trade . That trade will hit if CRTO manages to take out its 50-day moving average of $32.78 to some more near-term overhead resistance levels at $33.67 to around $35 with high volume.Traders should now look for long-biased trades in CRTO as long as it's trending above some near-term support at $30.27 and then once it sustains a move or close above those breakout levels with volume that this near or above 508,971 shares. If that breakout hits soon, then CRTO will set up to re-test or possibly take out its next major overhead resistance levels at $37.50 to $39.30, or even $42.50.