Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Popular ( BPOP) is a publicly owned bank holding company that offers retail and commercial banking services through its main banking subsidiary, Banco Popular de Puerto Rico. This stock is trading up 2.7% to $28.10 in recent trading.

Today's Volume: 1.15 million

Average Volume: 951,564

Volume % Change: 69%

From a technical perspective, BPOP is trending up here right above some near-term support at $26.60 with above-average volume. This stock is also starting to spike back above its 50-day moving average of $27.76, which is quickly pushing shares of BPOP within range of triggering a near-term breakout trade. That trade will hit if BPOP manages to take out some near-term overhead resistance levels at $29 to its 52-week high at $29.78 with high volume.

Traders should now look for long-biased trades in BPOP as long as it's trending above today's low of $26.95 or above its 50-day at $27.76 and then once it sustains a move or close above those breakout levels with volume that hits near or above 951,564 shares. If that breakout hits soon, then BPOP will set up to enter new 52-week-high territory above $29.78, which is bullish technical price action. Some possible upside targets off that move are $34 to $35.

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.


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

2 Deeply Discounted Stocks to Buy Right Now Before They Break Out

Tomorrow's Ex-Dividends To Watch: FDUS, BPOP, FHN

More Small-Bank Bets From 13F Filings

More Small-Bank Bets From 13F Filings

3 Stocks Going Ex-Dividend Tomorrow: PMX, PTY, BPOP

Popular (BPOP) Flagged As Strong On High Volume