Three-Month Average Volume: 1.66 million
Volume % Change: 184% >>3 Big Stocks on Traders' Radars From a technical perspective, OAS jumped sharply higher here right above its 50-day moving average of $40.80 with heavy upside volume. This move is quickly pushing shares of OAS within range of triggering a near-term breakout trade. That trade will hit if OAS manages to take out Friday's intraday high of $44 and then once it clears its 52-week high at $44.17 with high volume. Traders should now look for long-biased trades in OAS as long as it's trending above support at $42 or above its 50-day at $40.80, and then once it sustains a move or close above those breakout levels with volume that this near or above 1.66 million shares. If that breakout hits soon, then OAS will set up to enter new 52-week-high territory above $44.17, which is bullish technical price action. Some possible upside targets off that move are $47 to $50. 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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