From a technical perspective, PHMD is ripping higher here right off its 50-day moving average of $14.83 with above-average volume. This move has started to push shares of PHMD into breakout territory, since the stock has taken out some near-term overhead resistance at $15.35. Shares of PHMD are now quickly moving within range of triggering a major breakout trade. That trade will hit if PHMD manages to take out some more near-term overhead resistance at $15.56 with high volume. At last check, PHMD has hit an intraday high of $15.78 and volume is well above its three-month average action of 133,632 shares. Traders should now look for long-biased trades in PHMD as long as it's trending above its 50-day at $14.83, and then once it sustains a move or close above $15.35 to $15.78 with volume that hits near or above 133,632 shares. If that breakout hits soon, then PHMD will set up to re-test or possibly take out its next major overhead resistance levels at $17 to $19.18. 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.