Yandex

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Yandex ( YNDX) is a provider of internet services, headquartered in the Russian Federation. The stock is trading up 4% at $26.34 in recent trading.

Today's Volume: 2.3 million

Average Volume: 1.4 million

Volume % Change: 84%

From a technical perspective, YNDX has started to move back above its 200-day moving average of $25.53 today on heavy volume. This move in YNDX is also follow through strength from when the stock recently broke out above $23.84 with strong volume.

Traders should continue to look for long-biased trades in YNDX as long as it's trending above its 200-day with strong upside volume flows. If we continue to see strength in YNDX, and the 200-day holds, then look for this stock to re-test its next significant overhead resistance levels at $29.30 to $30.

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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