eResearch Technology, Inc (ERES) is a company I have been watching since it popped up on last Wednesday's unusual stock volume scan. As the weekly chart below shows, the stock surged higher last week and is continuing the gains this week.

With the push above 13, the stock has firmly broken out of a range that had been in place since October. However, this breakout doesn't appear to have been widely anticipated. According to Zacks, only 3 analysts follow the stock and only 1 ranks it with a "buy" rating. A look to the front-month open interest configuration shows few betting on gains there either.

The stock is now flirting with a short-term overbought condition as it hits a new annual high so it wouldn't be surprising to see a pullback or consolidation here. However, the intermediate-term view looks interesting and there appears to be plenty of room for the Street to "find" this stock.

Chart Courtesy of Thomson Financial