Today's Volume: 337,000

Average Volume: 221,758

Volume % Change: 152%

From a technical perspective, MIC is spiking higher here right above its 50-day at $42.57 with above-average volume. This move is quickly pushing shares of MIC within range of triggering a major breakout trade. That trade will hit once MIC manages to clear its 52-week high of $44.67 with high volume.

Traders should now look for long-biased trades in MIC as long as it's trending above its 50-day at $42.57, and then once it sustains a move or close above $44.58 to $44.67 with volume that hits near or above 221,758 million shares. If that breakout triggers soon, then MIC will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $50 to $55 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.

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.

If you liked this article you might like

New Tronox Chairman Faces Test at Coatings and Pigments Maker

Trader's Daily Notebook: We Are Trapped in a Momentum-less Market

7 Stocks Under $10 That Could Make You a Lot of Money

Anything These Guys Are Selling, I'm not Buying

Tronox (TROX) Flagged As Strong On High Volume