This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Aegion(AEGN - Get Report) provides proprietary technologies and services for the rehabilitation and strengthening of sewer, water, energy, and mining piping systems, as well as buildings, bridges, tunnels, and waterfront structures; and the corrosion protection of industrial pipelines in North America and internationally. This stock is trading up 2.7% at $17.87 in recent trading.
Today's Volume: 246,000
Average Volume: 180,169
Volume % Change: 76%
Shares of AEGN are ripping higher today after Ladenbur upgraded the stock to buy from neutral and reiterated its $23 price target. The firm said catalysts include improving trends following the company's second quarter results.
>>7 Stocks for a Housing Rebound
From a technical perspective, AEGN is continuing its uptrend here right after the stock recently found buying interest off its 50-day moving average of $16.97. This move is now pushing AEGN within range of triggering a near-term breakout trade. That trade will trigger once AEGN takes out some near-term overhead resistance at $18.94 with high volume.
Traders should now look for long-biased trades in AEGN as long as its trending above its 50-day, and once it sustains a move or close above $18.94 with high volume. Look for volume on that move that's near or above its three-month average action of 180,169 shares. If we get that action soon, then look for AEGN to re-test and possibly take out its 2012 high of $20.25.