Three-Month Average Volume: 158,544
Volume % Change: 270% >>5 Surprise Stocks the Pros Love Right Now From a technical perspective, GEOS spiked higher here and briefly traded back above its 50-day moving average of $75.28 with strong upside volume. This stock has been downtrending badly for the last five months, with shares plunging from its high at $111.36 to its recent low of $65.31. During that move, shares of GEOS have been making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of GEOS have started to rebound over the last month from $65.31 to its recent high of $79.91. That rebound could be setting up GEOS to reverse its downtrend and begin a more sustained uptrend. Traders should now look for long-biased trades in GEOS as long as it's trending above Wednesday's low of $70.40 and then once it breaks out above some near-term overhead resistance levels at $77.83 to $79.91 with volume that's near or above 158,544 shares. If that breakout hits soon, then GEOS will set up to re-test or possibly take out its 200-day moving average of $84.97. Any high-volume move above $84.97 will then give GEOS a chance to tag its next major overhead resistance levels at $90 to $93. 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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