Anika Therapeutics

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Anika Therapeutics ( ANIK) is a provider of carrier-class voice over Internet protocol and convergence solutions for fixed and wireless communication service providers. This stock is trading up 6.3% at $13.30 in recent trading.

Today's Volume: 91,000

Average Volume: 68,829

Volume % Change: 83%

From a technical perspective, ANIK is soaring today on above average volume, and the stock is now printing new 52-week highs. This move has now triggered a major breakout trade for ANIK since the stock is moving above some near-term overhead resistance at $12.95 with high-volume.

Traders should continue to look for long-biased trades in ANIK as long as it's trending above $12.95 with strong upside volume flows. If we continue to see that action, then watch for ANIK to trade up towards $15 or higher in the near future.

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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