Patrick Industries

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Patrick Industries ( PATK) is a manufacturer and distributor of building products and materials to the recreational vehicle and manufactured housing industries. In addition, it is a supplier to certain other industrial markets, such as kitchen cabinet, household furniture, fixtures and commercial furnishings, marine, and other industrial markets. This stock is trading up 14% at $13.05 in recent trading.

Today's Volume: 369,000

Average Volume: 109,102

Volume % Change: 442%

From a technical perspective, PATK is running sharply higher here and continue on its big-time gap-up momentum from yesterday. This move is quickly pushing PATK within range of triggering a major near-term breakout trade. That trade will hit once PATK takes out some near-term overhead resistance at $13.30 with high-volume.

Traders should now look for long-biased trades if PATK can sustain a move or close over $13.30 with volume that's near or above 109,102 shares. If we get that action soon, look for PATK to continue its trend higher towards $15 to $17 in the near future. Traders should avoid this stock or look for short-biased trades if PATK moves back below its gap-up day low of $10.50 with heavy volume, or even below today-s low of $11.30.

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 and maintains the website, 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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