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MYR Group(MYRG) is a specialty contractor serving the electrical infrastructure market in the U.S. This stock is trading up 7.1% at $18.30 in recent trading.
Today's Volume: 381,000
Average Volume: 173,603
Volume % Change: 408%
>>5 Stocks Poised for Breakouts
From a technical perspective, MYRG is ripping higher here back above its 200-day moving average of $17.91 with heavy volume. This stock has also started to challenge some previous overhead resistance levels at $17.63 to $18.32. At last check, MYRG has hit an intraday high of $19.11 and volume is well above its three-month average of 173,603 shares.
Traders should now look for long-biased trade in MYRG as long as it's trending above its 200-day, and then once it takes out today's high of $19.11 with high volume. Look for a sustained move or close above $19.11 with volume that's near or above 173,603 shares. If we get that action soon, then look for MYRG to hit $22 in the near future.