AZZ (AZZ) manufactures electrical equipment and components for power generation, transmission and distribution, and the general industrial markets. This stock closed up 3% at $45.70 in Friday's trading session.
Friday's Volume: 336,000
Three-Month Average Volume: 187,787
Volume % Change: 326%
From a technical perspective, AZZ spiked notably higher here right above its 50-day moving average of $43.40 with strong upside volume. This move briefly pushed shares of AZZ into breakout territory, after the stock flirted with some near-term overhead resistance levels at $45.10 to $46. Market players should now look for a continuation move to the upside in the short-term if AZZ manages to take out Friday's high of $46.82 with high volume.
Traders should now look for long-biased trades in AZZ as long as it's trending above Fridays low of $44.27 or above its 50-day at $43.40 and then once it sustains a move or close above Friday's high of $46.82 with volume that's near or above 187,787 shares. If that move gets underway soon, then AZZ will set up to re-test or possibly take out its 52-week high of $49.64.
Avon Products (AVP) manufactures and markets beauty and related products. This stock closed up 2.6% at $15.07 in Friday's trading session.
Friday's Volume: 9.34 million
Three-Month Average Volume: 4.26 million
Volume % Change: 235%
From a technical perspective, AVP spiked notably higher here back above its 50-day moving average of $14.89 with heavy upside volume. This stock recently formed a triple bottom chart pattern at $14.18, $14.18 and $14.27. Following that bottom, shares of AVP have started to spike higher back above its 50-day and it's quickly moving within range of triggering a big breakout trade. That trade will if AVP manages to take out Friday's high of $15.07 to some more near-term overhead resistance at $15.67 with high volume.
Traders should now look for long-biased trades in AVP as long as it's trending above Fridays low of $14.56 or above those triple bottom support levels and then once it sustains a move or close above those breakout levels with volume that's near or above 4.26 million shares. If that breakout hits soon, then AVP will set up to re-test or possibly take out its next major overhead resistance levels at $17.50 to $18.
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.