Barnes & Noble

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Barnes & Noble ( BKS) is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform. This stock is trading up 5% at $14.50 in recent trading.

Today's Volume: 1.2 million

Average Volume: 963,162

Volume % Change: 79%

From a technical perspective, BKS is bouncing sharply to the upside here right off its 200-day moving average of $13.89 with above-average volume. This move is quickly pushing BKS within range of triggering a major breakout trade. That trade will hit once BKS manages to take out some key overhead resistance at $14.78 with high volume.

Traders should now look for long-biased trades in BKS as long as its trending above its 200-day, and then once it sustains a move or close above $14.78 with volume that hits near or above 963,162 shares. At last check, BKS has hit an intraday high of $14.80 and volume has started to push above its three-month average action of 963,162 shares. If BKS triggers that breakout soon, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $17.68 to $19.58.

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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