SodaStream International

SodaStream International (SODA) engages in the development, manufacture, and sale of home beverage carbonation systems that enable consumers to transform ordinary tap water instantly into carbonated soft drinks and sparkling water. This stock is trading up 2.5% at $37.89 in Tuesday's trading session.

Tuesday's Volume: 3.36 million
Three-Month Average Volume: 1.07 million
Volume % Change: 462%

From a technical perspective, SODA is trending higher here with heavy upside volume. This stock recently gapped down sharply from over $50 to under $37 with monster downside volume. That gap lower pushed shares of SODA into oversold territory, since its current relative strength index reading is 23.32. Oversold can always get more oversold, but it's also an area where a stock can experience a powerful rebound higher from.

Traders should now look for long-biased trades in SODA as long as it's trending above Tuesday's low of $36.38 and then once it sustains a move or close above Tuesday's high of $38.14 with volume that's near or above 1.07 million shares. If we get that move soon, then SODA will set up to rebound sharply higher off oversold conditions and potentially tag $42.50 to $45.

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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