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Conn's(CONN) is a specialty retailer of consumer products, and also provides consumer finance for the purchase of the products that it offers. This stock is trading up 2.7% at $18.10 in recent trading.
Today's Volume: 299,000
Average Volume: 235,110
Volume % Change: 140%
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From a technical perspective, CONN is moving notably higher today on above average volume. This move is coming off of a near-term support zone at around $17 a share, and it's now pushing CONN within range triggering a breakout trade. That trade will hit once CONN takes out some near-term overhead resistance at $19 to $19.83 with high-volume.
Traders should now look for long-biased trades in CONN if it can manage to clear those levels on volume that's near or above 235,110 shares. If we get that action soon, look for CONN to move over $20 in the near-term.
I would simply avoid or short CONN if it takes out that near-term support at $17 with high-volume.