Noah Holdings (NOAH - Get Report)
52-week Range: $4.63-$14.68
Three-Month Average Volume: 88,648 From a technical perspective, NOAH is moving modestly higher here, with above-average volume. This move is coming off a near-term double bottom that hit once this stock found buying interest at $4.63 to $4.68. Shares of NOAH are now trending very close to triggering a near-term breakout trade. That trade will hit once NOAH takes out some near-term overhead resistance at $5.55 with high volume. Traders should now look for long-biased trades once NOAH sustains a move or close over $5.55 with volume that's near or above 88,648 shares. If we get that action soon, then NOAH could easily spike big back toward its 50-day moving average of $6.60, or possibly even its 200-day moving average of $7.70.