Today's Range: $1.68-$1.7552-Week Range: $1.43-$5.43 Volume: 907,000 Three-Month Average Volume: 1.9 million Shares of ES are ripping higher today after the company announced that it is considering the sale of its UK and European business which holds a contract with the Nuclear Decommissioning Authority to manage and operate 22 of the UK's Magnox nuclear reactor fleet. >>5 European Stocks Too Cheap to Ignore From a technical perspective, ES is gapping notably higher here with light volume. This move is coming off of some near-term support at around $1.60, and it's pushing the stock within range of triggering a near-term breakout trade . That trade will hit once ES takes out some near-term overhead resistance at $1.87 with high-volume. Traders should now look for long-biased trades once ES sustains a move or close over $1.87 with volume that's near or above 1,855,060 shares. If we get that action soon, then ES could easily bounce back towards its 50-day moving average of $2.47. Keep in mind there's very little overhead resistance from $1.87 to $2.47, since this stock gapped down and plunged through those levels in early June.
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