Today's Volume: 506,000Average Volume: 689,126 Volume % Change: 50% >>5 Consumer Stocks Hedge Funds Love From a technical perspective, SHLD is bouncing hard here right off its 200-day moving average of $55.02 with decent volume. This move is quickly pushing SHLD within range of triggering a major breakout trade. That trade will hit once SHLD takes out some near-term overhead resistance at $56.89 with high volume. Traders should now look for long-biased trades in SHLD once it sustains a move or close above $56.89 with volume that's near or above 689,126 shares. At last check, SHLD has hit an intraday high of $56.86 and volume is tracking in very close to its three-month average volume. If that breakout triggers soon, then SHLD has an excellent chance of re-testing and possibly taking out its next major overhead resistance levels at $61 to $62.95. It's possible that SHLD could even hit $65.70 if that breakout triggers with big volume. Traders should use the 200-day as near-term support, or just below the 50-day near $53.67. To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
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