Addus HomeCare

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Addus HomeCare ( ADUS) provides a range of home- and community-based services to older adults and younger disabled individuals in the U.S. This stock closed up 10.16% at $21.46 in Friday's trading session.

Friday's Volume: 273,000
Three-Month Average Volume: 184,047
Volume % Change: 110%

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From a technical perspective, ADUS ripped sharply higher here right above some near-term support at $18.58 and back above its 50-day moving average of $19.44 with above-average volume. This move also pushed shares of ADUS into breakout territory, since the stock took out some near-term overhead resistance at $20.94. Shares of ADUS are now starting to trend within range of triggering another major breakout trade. That trade will hit if ADUS manages to take out some resistance at $22 to its 52-week high at $23.71 with high volume.

Traders should now look for long-biased trades in ADUS as long as it's trending above $20.94 or its 50-day at $19.44 and then once it sustains a move or close above those breakout levels with volume that this near or above 184.047 shares. If that breakout triggers soon, then ADUS will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $30 to $32.

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 CNBC.com and Forbes.com. You can follow Pedone on Twitter at www.twitter.com/zerosum24 or @zerosum24.

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