Three-Month Average Volume: 1.18 million
Volume % Change: 210% >>5 Dogs of the Dow to Stomp the Market 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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