Veolia Entertainment

Veolia Entertainment ( VE) is a provider of environmental management services, which include water and wastewater services, waste management services, energy services and transportation services. This stock is trading up 5.5% at $13.18 in recent trading.

Today's Volume: 370,000

Average Volume: 260,308

Volume % Change: 100%

From a technical perspective, VE is trending higher here right above its 50-day moving average of $12.27 with above-average volume. This move has started to push shares of VE into breakout territory, since the stock has taken out some near-term overhead resistance at $13.17. At last check, VE has hit an intraday high of $13.39 and volume is well above its three-month average action of 260,308 shares. This move is also pushing shares of VE within range of triggering another major breakout trade. That trade will hit if VE clears some past overhead resistance at $13.76 with high volume.

Traders should now look for long-biased trades in VE as long as it's trending above today's low of $13.10, and then once it sustains a move or close above $13.17 to $13.76 with volume that hits near or above 260,308 shares. If that breakout triggers soon, then VE will set up to re-test or possibly take out its next major overhead resistance level at $15.93.

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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