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3 Big-Volume Stocks Spiking Higher

Written by: Roberto Pedone 08/22/12 - 1:56 PM EDT
Tickers in this article: EBAY LEN RYL

Traders should now look for long-biased trades as long as EBAY is trending above today's low of $46.94 with strong upside volume flows. I would consider any upside volume day that registers near or above 12.6 million shares. If EBAY can hold that trend, then this stock has a great chance of heading north of $50 in the near future. Keep in mind that EBAY could even pull back near more support $45 to $44 and still look bullish. Ryland Group

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Ryland Group (RYL) is a homebuilder and a mortgage-finance company. This stock is trading up 2.7% at $26.38 in recent trading.

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Today's Volume: 1.1 million

Average Volume: 1.7 million

Volume % Change: 56%

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From a technical perspective, RYL is moving modestly higher here with decent volume. This move is quickly pushing the stock within range of triggering a major breakout trade. That trade will trigger once RYL takes out some near-term overhead resistance levels at $27 to $27.12 with high volume.