Spectra Energy Partners ( SEP) engages in the transportation of natural gas through interstate pipeline systems, and the storage of natural gas in underground facilities in the U.S. This stock is trading up 2.1% at $31.40 in recent trading. Today's Volume: 240,000 Average Volume: 102,417 Volume % Change: 386% Shares of SEP are moving modestly higher today after the company announced that the board of directors of its general partner declared a quarterly cash distribution to shareholders of 49 cents per share, an increase of one-half cent over the previous level of 48.5 cents per share. >>5 Stocks Ready for a Dividend Boost in 2012 From a technical perspective, SEP is gapping higher here back above its 200-day moving average of $31.17 with above-average volume. This move is quickly pushing SEP within range of triggering a near-term breakout trade. That trade will hit once SEP manages to take out its 50-day at $31.91, and then once it moves above some near-term overhead resistance at $32.66 to $32.85 with high volume. Traders should now look for long-biased trades in SEP as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that hits near or above 102,417 shares. If that breakout triggers soon, then look for SEP to hit $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.