Average Volume: 383,224
Volume % Change: 317% From a technical perspective, AMBA is ripping higher here right above its 50-day moving average of $13.11 with heavy upside volume. This move has started to push shares of AMBA into breakout territory, since the stock is flirting with some near-term overhead resistance levels at $14.50 to $15. This move is also quickly pushing shares of AMBA within range of triggering another major breakout trade. That trade will hit if AMBA manages to take out its all-time high of $16 with high volume. Traders should now look for long-biased trades in AMBA as long as it's trending above $14.50 or above today's low of $13.99, and then once it sustains a move or close above $16 with volume that hits near or above 383,224 shares. If that breakout triggers soon, then AMBA will set up to enter new all-time high territory above $16, which is bullish technical price action. Some possible upside targets off that move are $18 to $20. To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Madison, Wis.
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