Average Volume: 249,288
Volume % Change: 100% From a technical perspective, DWRE bounced higher here right off some near-term support at $31 with above-average volume. This move briefly pushed shares of DWRE into breakout territory, since the stock flirted with some near-term overhead resistance at $31.71. Shares of DWRE closed just below that breakout level at $31.68, and volume was well above its three-month average action of 249,288 shares. This stock is now quickly moving within range of triggering a major breakout trade. That trade will hit if DWRE manages to take out Tuesday's high of $31.88 and then once it clears more resistance at $33.89 to its all-time high at $34.27 with high volume. Traders should now look for long-biased trades in DWRE as long as it's trending above Tuesday's low of $31.03 and then once it sustains a move or close above those breakout levels with volume that hits near or above 249,288 shares. If that breakout triggers soon, then DWRE will set up to enter new all-time high territory above $34.27, which is bullish technical price action. Some possible upside targets off that breakout are $40 to $43. 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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