KongZhong (KONG) is a provider of digital entertainment services for consumers in the People's Republic of China. This stock is trading up 9.4% to $6.48 in recent trading.
Today's Range: $6.11-$6.8052-Week Range: $3.41-$7.32 Volume: 500,000 Three-Month Average Volume: 70,121 From a technical perspective, KONG has triggered a major breakout trade here since the stock has moved above some past overhead resistance at $6.20 with monster volume. >>5 Tech Stocks to Buy Instead of Facebook Traders should now look for long-biased trades as long as KONG is trending above $6.20 with strong upside volume flows. I would consider any upside volume that's near or above 70,121 shares as bullish. If KONG can keep its trend above $6.20, and then take out today's high of $6.80 with volume, it could easily hit its next significant overhead resistance level near $7.50 to $8 in the near future.
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