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Siemens (SI) is an integrated technology company with activities in the fields of industry, energy and healthcare. This stock is trading up 1% at $94.17 in recent trading.
Today's Volume: 824,000
Average Volume: 651,343
Volume % Change: 170%
From a technical perspective, SI is moving modestly higher here with above average volume, and it's starting to push into breakout territory above some past overhead resistance at $94.08.
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Traders should now look for long-biased trades in SI as long as it's trending above its 200-day moving average of $91.81 with strong upside volume flows. I would consider any upside volume day that registers near or above 651,343 shares as bullish. If SI can hold its trend above $91.81, and more importantly above $94.08, then it has a great chance of re-testing or taking out its next major overhead resistance levels at $97.50 to $102.50.
I would avoid SI or look for short-biased trades if it fails to hold above those levels and then drops below some previous support at $90 with high volume.