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7 Stocks Rising on Big Volume

Written by: Roberto Pedone 08/17/12 - 2:36 PM EDT
Tickers in this article: SINA DECK ORIG SCVL IMOS FNSR BRLI

Traders should now look for long-biased trades in SINA once it manages to clear some near-term overhead resistance levels at $58.20 to $60.02, and then $61.41 with high volume. Look for a sustained move or close above those levels with volume that registers near or above 2.7 million shares. If that breakout triggers soon, then SINA will have a great chance of re-testing or possibly taking out its next major overheard resistance level at $65.79. Bio-Reference Laboratories

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Bio-Reference Laboratories (BRLI) is engaged in providing laboratory testing services, to customers in the greater New York metropolitan area, as well as to customers in other states. This stock is trading up 2.2% at $29.05 in recent trading.

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Today's Volume: 175,000

Average Volume: 218,206

Volume % Change: 50%

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From a technical perspective, BRLI is moving notably higher today with decent volume, and it has started to trigger a major breakout trade now that it's taking out some near-term overhead resistance at $28.28.