Proto Labs ( PRLB)

This company is a manufacturer of custom parts for prototyping and short-run production. This stock is trading up 3.4% at $35.23 in recent trading.

Today's Volume: 284,000

Average Volume: 213,702

Volume % Change: 115%

From a technical perspective, PRLB is bouncing higher here right above its 50-day moving average of $32.71 with above-average volume. This move is quickly pushing PRLB within range of triggering a major breakout trade. That trade will hit once PRLB manages to take out some key overhead resistance levels at $36.55 to $37.29 with high volume.

Traders should now look for long-biased trades in PRLB as long as it's trending above some near-term overhead resistance at $34.71, and then once it sustains a move or close above those breakout levels with volume that hits near or above 213,702 shares. If that breakout triggers soon, then PRLB will set up to re-test or possibly take out its next major overhead resistance levels at $39 to $41.10.

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 technical analysis for small- and large-cap stocks, options, futures, commodities and currencies. Roberto studied international business at the Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany. His work has appeared on financial outlets including CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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