Jakks Pacific (JAKK) is a toy company that designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. This stock is trading up 2.9% at $18.00 in recent trading.
Today's Volume: 653,000Average Volume: 160,384 Volume % Change: 377% >>12 Highest-Rated Consumer Stocks Picked by S&P Shares of JAKK are soaring today after the company said it agreed to talk with Oaktree Capital Management, a company that offered to buy it last year. The company also said it would offer $80 million shares for at least $20 per share, in a tender offer starting on or near May 25. From a technical perspective, JAKK is spiking notably higher today and the stock has triggered a near-term breakout trade with shares moving above some overhead resistance at $18.16 with heavy volume. Shares of JAKK also briefly traded above some past overhead resistance at $19.18 today. Traders should now look for long-biased trades if JAKK can trigger a much bigger breakout trade. That trade will hit once JAKK takes out $19.53 to $20.83 with high volume. Look for volume on a move or close above those levels that hits near or well above 160,384 shares. I would consider it bullish if JAKK is trending above $19.53 to $20.14 with strong volume, since it will raise the probability off the stock taking out $20.83 in the near future.
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