Focus Media (FMCN) operates an interactive digital media network. The stock is trading up 4.8% at $24.58 in recent trading.
Today's Volume: 4.4 millionAverage Volume: 5.6 million Volume % Change: 56% From a technical perspective, FMCN is starting to trigger a big breakout trade today now that this stock is moving above some near-term and past overhead resistance at 22.87 to $22.98 on decent volume. Market players should now watch for FMCN to sustain a high-volume move and close above those levels to signal that it wants to trend much higher. Look for volume that's near or well above 5,595,800 shares. As long as FMCN closes near its daily highs today at 24.89, then target a move higher in the near-term back to its 200-day moving average of $26.72 or its next significant overhead resistance at $28.60.
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