Traders should now look for long-biased trades in ANGO as long as it's trending above some near-term support levels at $14 or $13.50 and then once it sustains a move or close above those breakout levels with volume that's near or above 118,626 shares. If that breakout hits soon, then ANGO will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are its next major overhead resistance levels at $16.50 to $17, or even $20.

SolarCity

SolarCity ( SCTY) is engaged in designing, sales, engineering, installation, monitoring, maintenance and financing of solar energy systems to residential and commercial customers, and sale of electricity generated by solar energy systems to customers. This stock closed up 12.5% at $52.38 in Wednesday's trading session.

Wednesday's Volume: 14.78 million
Three-Month Average Volume: 2.97 million
Volume % Change: 337%

From a technical perspective, SCTY exploded higher here right above some near-term support at $45 with monster upside volume. This stock has been uptrending strong over the last month and change, with shares moving higher from its low of $28.31 to its intraday high of $52.65. During that uptrend, shares of SCTY have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of SCTY within range of triggering a major breakout trade. That trade will hit if SCTY manages to take out its all-time high of $52.77 with high volume.

Traders should now look for long-biased trades in SCTY as long as it's trending above Wednesday's low of $47.12, and then once it sustains a move or close above $52.77 with volume that's near or above 2.97 million shares. If that breakout hits soon, then SCTY will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $60 to $65.

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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