Xerium Technologies

Xerium Technologies ( XRM) is a manufacturer and supplier of two types of consumable products, clothing and roll covers, used mainly in the production of paper. This stock closed up 4.2% at $12.06 in Wednesday's trading session.

Wednesday's Volume: 1.12 million
Three-Month Average Volume: 90,515
Volume % Change: 850%

From a technical perspective, XRM ripped higher here right above its 50-day moving average of $11.09 with monster upside volume. This move pushed shares of XRM into breakout territory, since the stock took out some near-term overhead resistance levels at $11.73 to $11.74. Shares of XRM are now quickly moving within range of triggering another big breakout trade. That trade will hit if XRM can manage to take out some more resistance at $12.50 with high volume.

Traders should now look for long-biased trades in XRM as long as it's trending above its 50-day at $11.09 and then once it sustains a move or close above $12.50 with volume that's near or above 90,515 shares. If that breakout hits soon, then XRM will set up to re-test or possibly take out its next major overhead resistance levels $14.04 to $16.

Bon-Ton Stores

Bon-Ton Stores ( BONT) is a regional department store operator offering an assortment of brand-name fashion apparel and accessories for women, men and children as well as cosmetics, home furnishings and other goods. This stock closed up 2.9% at $10.72 in Wednesday's trading session.

Wednesday's Volume: 533,000
Three-Month Average Volume: 228,850
Volume % Change: 125%

From a technical perspective, BONT trended higher here right above its recent low of $9.85 with above-average volume. This stock has been downtrending badly for the last three months and change, with shares crashing from its high of $21.34 to that recent low of $9.85. During that downtrend, shares of BONT have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of BONT have now started to rebound higher off that $9.85 low, and the stock looks to have put an end to its downside volatility in the short-term.

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