Palomar Medical Technologies

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Palomar Medical Technologies ( PMTI) designs, manufactures, markets and sells lasers and other light-based products and related disposable items and accessories for use in medical and cosmetic procedures. This stock is trading up 5.9% at $10.20 in recent trading.

Today's Volume: 171,000

Average Volume: 88,431

Volume % Change: 184%

From a technical perspective, PMTI has started to trigger a major breakout trade today now that this stock is moving above some near-term overhead resistance at $9.75 on heavy volume. If this stock can manage to close strong and near its daily highs, or at least solidly above $9.75, then it has a great chance to re-test its next major overhead resistance levels at $11.45 to $12.

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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At the time of publication, author had no positions in stocks mentioned.

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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