ChipMOS Technologies (IMOS) is a provider of semiconductor testing and assembly services. The stock is trading up 3.1% at $16.96 in recent trading.
Today's Volume: 1 millionAverage Volume: 182,741 Volume % Change: 728% From a technical perspective, IMOS is trading within range of triggering another big breakout. This stock has been breaking out on huge volume for the past couple of weeks. Now, the next big breakout will trigger once today's high of $17.88 is taken out with volume. Look for a sustained high-volume move and close above that level that registers near or above 182,741 shares. If we get that action soon, then look for IMOS to tag $20 very quickly. I also featured ChipMOS in Wednesday's "7 Stocks Rising on Unusual Volume."
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