Siemens Aktiengesellschaft

Siemens Aktiengesellschaft ( SI) designs microprocessors, physical IP and related technology and software, and sells development tools to enhance the performance, cost effectiveness and energy efficiency of high-volume embedded applications. This stock closed up 1.3% at $105.20 on Wednesday.

Wednesday's Volume: 955,000
Average Volume: 402,960
Volume % Change: 132%

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From a technical perspective, SI bounced modestly higher here right off its 200-day moving average of $103.87 and back above its 50-day moving average of $104.72. This move is quickly pushing shares of SI within range of triggering a near-term breakout trade. That trade will hit if SI manages to take out some near-term overhead resistance at $106 and then above more resistance levels at $108 to $108.73 with high volume.

Traders should now look for long-biased trades in SI as long as it's trending above its 50-day at $104.72 or above Wednesday's low of $103.96 and then once it sustains a move or close above those breakout levels with volume that's near or above 402,960 shares. If that breakout triggers soon, then SI will set up to re-test or possibly take out its next major overhead resistance levels at $110 to its 52-week high at $113.16. Any high-volume move above $113.16 will then give SI a chance to tag $120.

To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Delafield, Wis.


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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Delafield, Wis., 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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