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ChipMOS Technologies(IMOS) is an independent provider of semiconductor testing and assembly services. This stock is trading up 6.4% at $13.17 in recent trading.
Today's Volume: 186,000
Average Volume: 185,355
Volume % Change: 111%
>>4 Tech Stocks to Trade (or Not)
From a technical perspective, IMOS is moving sharply to the upside here with decent volume. This move is quickly pushing IMOS within range of triggering a near-term breakout trade. That trade will hit once IMOS takes out $13.36 to $14.71 with high volume.
Traders should look for long-biased trades in IMOS as long as it's trending above today's low of $12.32, and then once it sustains a move or close over $13.36 to $14.71 with high volume. Look for a sustained move or close over those breakout levels with volume that's near or above 185,355 shares. If that breakout triggers soon, then look for IMOS to re-test and possibly take out its next major overhead resistance level at $15.76.