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Air Methods(AIRM - Get Report) is a provider of air medical emergency transport services and systems throughout the U.S. This stock is trading up 2.2% at $91.21 in recent trading.
Today's Volume: 126,000
Average Volume: 73,511
Volume % Change: 266%
From a technical perspective, AIRM is bouncing hard here right off its 50-day moving average of $88.62 with heavy volume. This move is pushing AIRM within range of
triggering a breakout trade. That trade will hit once AIRM takes out some near-term overhead resistance at $93 to $94.95 with high volume.
>>5 Stocks Setting Up to Break Out
Traders should now look for long-biased trades if AIRM can sustain a move or close above those levels with volume that's near or above 75,511 shares. If we get that action soon, then AIRM will enter new 52-week-high territory, and it should tag $100 rather quickly.
On the flipside, I would avoid AIRM or look for short-biased trades if it were to move back below its 50-day at $88.62, and then below some major near-term
support at $86.37.