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Conmed ( CNMD) is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and monitoring. This stock is trading up 2% at $30.02 in recent trading.

Today's Volume: 354,000

Average Volume: 133,713

Volume % Change: 270%

From a technical perspective, CNMD has started to flirt with a big breakout trade today since the stock briefly traded above some near-term overhead resistance at $30.71 with heavy volume. At last check, the stock has come back below that breakout level with shares now near $30.

>>6 Stocks at New 52-Week Highs

Market players should look for long-biased trades on CNMD if this stock can manage to get back above $30.71 and take out its daily high of $31.93 with volume. A sustained high-volume move and close above those levels should set this stock up for more upside.

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