Sony (SNE) is primarily focused on the electronics, game, entertainment and financial services sectors. This stock is trading up 8.1% at $13.52 in recent trading.
Today's Volume: 3.4 millionAverage Volume: 1.6 million Volume % Change: 239% >>5 Big Stocks Ready to Slingshot Higher From a technical perspective, SNE is ripping to the upside here with monster volume. This move has firmly pushed SNE above some near-term overhead resistance levels at $12.40 to $12.44. Traders should now look for long-biased trades once SNE triggers its next major breakout trade. That trade will hit once SNE clears some more overhead resistance levels at $14.31 to $14.47 with high volume. Look for a sustained move or close above those levels with volume that's near or above 1.6 million shares. If that breakout triggers soon, then SNE will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $15.75 to its 200-day moving average of $16.04. Keep in mind that traders can buy SNE off weakness as long as it holds its trend above $12.44 with strong upside volume flows.
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