Virgin Media

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Virgin Media ( VMED) is engaged in entertainment and communications business. This stock is trading up 3.1% at $22.15 in recent trading.

Today's Volume: 2.55 million

Average Volume: 3.26 million

Volume % Change: 54%

From a technical perspective, VMED is bouncing here right near some previous support at $21.25 with decent volume. This move is pushing VMED within range of a near-term breakout trade. That trade will trigger once VMED takes out some near-term overhead resistance at $22.73 with high-volume.

Traders should now look for long-biased trades if VMED can sustain a move or close above $22.73 with volume that's near or above 3,255,680 shares. If we get that action soon, then look for VMED to re-test its 50-day moving average of $23.90 or possibly trend much higher.

On the flipside, I would look for short-biased trades if VMED fails to trigger that breakout, and then takes out some near-term support zones at $21.25 to $20.48 with high volume.

To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr.

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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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