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Changyou.com ( CYOU)

This is an online game developer and operator in the People's Republic of China. This stock is trading up 5.1% at $29.04 in recent trading.

Today's Volume: 707,000
Average Volume: 264,184
Volume % Change: 164%

From a technical standpoint, CYOU has started to trigger a breakout trade today once the stock moved above some past overhead resistance at $27 on high-volume. Traders should continue to look for long biased trades as long as CYOU can close near its daily highs of $29.52. The next major breakout for CYOU will trigger once it takes out $30.53 with volume. If we get that action soon, then look for CYOU to re-test its 200-day moving average of $33.70. Keep in mind that long trades are now getting a bit more risky here since the current relative strength index reading is 81.

To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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