Rentech Nitrogen Partners LP

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Rentech Nitrogen Partners LP ( RNF) is a provider of clean energy solutions and nitrogen fertilizer, to own, operate and grow its nitrogen fertilizer business. This stock is trading up 4.3% at $30.28 in recent trading.

Today's Volume: 675,000

Average Volume: 341,022

Volume % Change: 281%.

From a technical perspective, RNF is ripping to the upside here with heavy volume. This move has already pushed RNF into breakout territory, since the stock has moved above some near-term overhead resistance at $29.49.

Traders should now look for the next major breakout trade to trigger for RNF if it can manage to take out its all-time high of $30.39 with high-volume. At last check, RNF has hit an intraday high of $30.68 and volume is well above its three-month average action of 341,022 shares. Traders should now look for long-biased trades if RNF can sustain a move or close above $30.39 to $30.68 with volume that's near or above 341,022 shares. If we get that action soon, then RNF could easily trade up towards $35 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 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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