Elizabeth Arden (RDEN) is a beauty products company with a range of portfolio of fragrance, skin care and cosmetics brands. This stock is trading up 2.4% at $35.82 in recent trading.
Today's Volume: 230,000Average Volume: 191,816 Volume % Change: 106% >>5 Stocks Setting Up to Break Out From a technical perspective, RDEN is gapping higher today on above average volume. This move is quickly pushing RDEN within range of triggering a big near-term breakout trade. That trade will hit once RDEN takes out its 50-day moving average of $36.70, and some near-term overhead resistance at $36.75 with high volume. Traders should now look for long-biased trades once RDEN can manage to sustain a move and close above those levels on volume that's near or well above 191,816 shares. If we get that action soon, then look for RDEN to make a run at its February high of $39.96.
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