Silver Standard Resources

Silver Standard Resources ( SSRI) is a silver resource company with properties located in Argentina, Australia, Canada, Chile, Mexico, Peru and the U.S. This stock is trading up 4% at $15.43 in recent trading.

Today's Volume: 837,000

Average Volume: 849,211

Volume % Change: 90%

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From a technical perspective, SSRI is following through with upside strength today after this stock bounced hard off its 50-day moving average of $12.57 on Friday. This move is coming with volume, and it's pushing SSRI into breakout territory above some near-term overhead resistance at $15.20.

Traders should now look for long-biased trades in SSRI as long as it's trending above its 50-day at $13.82 with strong upside volume flows. I would consider any upside volume day that registers near or above 849,211 shares as bullish. Is SSRI can maintain that trend, and more importantly its trend above today's low of $14.95, then this stock has a great chance of re-testing or possibly taking out its next major overhead resistance level at $18.34.

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