Three-Month Average Volume: 3.09 million
Volume % Change: 294% >>5 Stocks Under $10 Set to Soar From a technical perspective, CAM bounced modestly higher here right above its recent low of $52.50 with heavy upside volume. This stock recently gapped down sharply from over $63 to below $52.50 with heavy downside volume. That move pushed shares of CAM into oversold territory, since its current relative strength index reading is 31.60. Oversold can always get more oversold, but it's also an area a stock can bounce sharply higher from. The action in CAM on Monday could be signaling that this stock is ready to bounce and see an end in the short-term to its downside volatility. Traders should now look for long-biased trades in CAM as long as it's trending above Monday's low of $53.02 or above $52.50 and then once it sustains a move or close above Monday's high of $54.67 with volume that hits near or above 3.09 million shares. If we get that move soon, then CAM will set up to bounce higher and potentially tag $57 to its 50-day moving average at $59.39. 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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