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.


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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 and You can follow Pedone on Twitter at or @zerosum24.

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