Today's Volume: 193,000

Average Volume: 136,118

Volume % Change: 117%

From a technical perspective, ARTC is spiking higher here right above its 50-day moving average of $31.94 with above-average volume. This stock has been uptrending strongly for the past month, with shares moving from a low of $29.33 to a recent high of $33.75. During that uptrend, shares of ARTC have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed ARTC within range of triggering a major breakout trade. That trade will hit once ARTC manages to take out some near-term overhead resistance levels at $33.75 to $33.78 with high volume.

Traders should now look for long-biased trades in ARTC as long as it's trending above $32.50, and then once it sustains a move or close above those breakout levels with volume that hits near or above 136,118 shares. If that breakout triggers soon, then ARTC will set up to re-test or possibly take out its next major overhead resistance levels at $35 to $36.

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.

RELATED LINKS:



Follow Stockpickr on Twitter and become a fan on Facebook.

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.

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.

If you liked this article you might like

Steady, Reliable V.F. Corp. Is a Great Income Stock to Buy Now

6 Mall Brands That Are Near Death or Have Already Dropped Dead

Stocks Build on Early Gains in Midday Trading, Nasdaq Moves Further into Record Territory

Gildan Wins Auction to Purchase American Apparel

5 Things You Must Know Before the Market Opens Tuesday