Three-Month Average Volume: 3.67 million
Volume % Change: 110% >>5 Short-Squeeze Stocks Ready to Pop From a technical perspective, NRG spiked sharply higher here right above some near-term support at $25.24 and right above its 200-day moving average at $24.79 with strong upside volume. This move is quickly pushing shares of NRG within range of triggering a near-term breakout trade. That trade will hit if NRG manages to take out its 50-day moving average at $26.88 to more near-term overhead resistance at $27.07 with high volume. Traders should now look for long-biased trades in NRG as long as it's trending above its 200-day at $24.79 and then once it sustains a move or close above those breakout levels with volume that's near or above 3.67 million shares. If that breakout triggers soon, then NRG will set up to re-test or possibly take out its next major overhead resistance levels at $27.50 to $28.50. Any high-volume move above those levels will then give NRG a chance to tag its 52-week high at $29.19. 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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