With that in mind, let's take a look at several stocks rising on unusual volume today.
Websense is a provider of unified Web, data and email content security solutions that are designed to protect data and users from modern cyber-threats, information leaks, legal liability and productivity loss. This stock was trading up 3.3 percent at $15.48 in recent trading.
Today's Volume: 534,000
Average Volume: 233,516
Volume % Change: 294 percent
Shares of Websense are trending higher today after the company pre-announced fourth-quarter billings that beat its guidance and disclosed a new CEO will lead the firm.
From a technical perspective, Websense is gapping higher here right off some near-term support at $15 with above-average volume. This move has started to push Websense into breakout territory, since the stock is flirting with some near-term overhead resistance at $15.59 to $16.13. At last check, Websense has hit an intraday high of $15.88 and volume is well above its three-month average action of 233,516 shares.
Traders should now look for long-biased trades in Websense as long as it's trending above $15.59 to $16.13 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 233,516 shares as bullish. If Websense can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $16.59 to $16.93. Any high-volume move above $16.93 will then put $18 to $19.25 into focus for shares of Websense.
Sears Holdings
Sears Holdings is an integrated retailer with over 3,900 full-line and specialty retail stores in the U.S. and Canada. This stock is trading up 7.6 percent at $44.09 in recent trading.
Today's Volume: 1.67 million
Average Volume: 1.24 million
Volume % Change: 104 percent
From a technical perspective, Sears is ripping higher here right above some near-term support at $40 with above-average volume. This move is quickly pushing Sears within range of triggering a near-term breakout trade. That trade will hit if Sears takes out some near-term overhead resistance levels at $43.78 to $45.43 with high volume. At last check, Sears has hit an intraday high of $44.38 and volume is well above its three-month average action of 1.24 million shares.
Traders should now look for long-biased trades in Sears as long as it's trending above $43.78, and then once it sustains a move or close above $45.43 volume that hits near or above 1.24 million shares. If that breakout triggers soon, then Sears will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day of $47.35 to its 200-day at $49.92.
China Lodging Group
China Lodging Group, an economy hotel chain in China, is trading up 7.4 percent at $19.26 in recent trading.
Today's Volume: 526,000
Average Volume: 97,534
Volume % Change: 685 percent
From a technical perspective, China Lodging Group is ripping higher here and entering new 52-week-high territory with heavy upside volume. This move is coming after China Lodging Group recently pushed into breakout territory, above some key overhead resistance levels at 417.47 to $17.55.
Traders should now look for long-biased trades in China Lodging Group as long as it's trending above today's low of $18.18 to some past overhead resistance at $18.95 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 97,534 shares as bullish. If China Lodging Group can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $22.50 to $24.47.
Fifth & Pacific
Fifth & Pacific, which is engaged in designing and marketing a range of apparel and accessories, operates through four segments: Juicy Couture, Kate Spade, Lucky Brand and Adelington Design Group. This stock is trading up 10.6 percent at $14.21 in recent trading.
Today's Volume: 3.14 million
Average Volume: 1.65 million
Volume % Change: 190 percent
From a technical perspective, Fifth & Pacific is gapping sharply higher here right above its 50-day moving average of $12.23 with monster upside volume. This stock has been uptrending strongly for the last three months, with shares soaring from its low of $9.98 to its intraday high of $14.42. During that move, shares of Fifth & Pacific have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed Fifth & Pacific into breakout territory, since the stock has cleared some past overhead resistance at $14.06.
Traders should now look for long-biased trades in Fifth & Pacific as long as it's trending above today's low of $13.39, and then once it sustains a move or close above $14.06 to $14.42 with volume that hits near or above 1.65 million shares. If Fifth & Pacific can maintain that trend, then this stock will set up to re-test or possibly take out its 52-week high of $15.39. Some possible upside targets off a move above its 52-week high are $17 to $20 in the near future.
— Written by Roberto Pedone for TheStreet.com
Additional News: Sear's C-Suite Shuffle
Additional Views: Like-for-like Sales Do Not Indicate Profitability: Expert
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Disclosures: TheStreet does not permit any employees on its editorial staff to individually hold positions in individual stocks, though they are permitted to own stock in TheStreet.
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