Sap AG

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Sap AG ( SAP) is engaged in selling licenses for software solutions and related support services. In addition, it offers consulting, training and other services for its software solutions. This stock closed up 3.6% at $76.41 in Monday's trading session.

Monday's Volume: 3.37 million
Three-Month Average Volume: 1.18 million
Volume % Change: 210%

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From a technical perspective, SAP gapped up sharply higher here back above both its 50-day moving average at $73.89 with heavy upside volume. This move also saw SAP flirt with its 200-day moving average at $76.56, before the stock closed just below that level at $76.41. Shares of SAP are now quickly moving within range of triggering a major breakout trade. That trade will hit if SAP manages to take out Monday's high of $77.59, and then once it takes out some past resistance at $77.77 with high volume.

Traders should now look for long-biased trades in SAP as long as it's trending above Monday's low of $76.14 or above $75 and then once it sustains a move or close above those breakout levels with volume that's near or above 1.18 million shares. If that breakout hits soon, then SAP will set up to re-test or possibly take out its next major overhead resistance levels at $82.50 to $83.77, or even its 52-week high at $84.66.

To see more stocks rising on unusual volume, check out the Stocks Rising pn 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 and You can follow Pedone on Twitter at or @zerosum24.

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