3 Tech Stocks Soaring on Big Volume
NetEase.com
NetEase.com (NTES) is engaged in the development of applications, services and other technologies for the Internet in China. This stock is trading up 2.6% at $56.43 in recent trading.
Today's Volume: 988,000
Average Volume: 812,077 Volume % Change: 70% >>3 Tech Stocks Hedge Funds Are Buying From a technical perspective, NTES is bouncing strong here with above-average volume right above its 50-day moving average of $52.12. This move is quickly pushing NTES within range of triggering a near-term breakout trade. That trade will hit once NTES manages to clear some near-term overhead resistance at $58.20 with high volume. Traders should now look for long-biased trades in NTES as long as it's trending above today's low of $54.44, and then once it sustains a move or close above $58.20 with volume that's near or above 812,077 shares. If that breakout triggers soon, then NTES will have a great chance of re-testing or possibly taking out its next major overhead resistance levels at $61.90 to $64.08.Select the service that is right for you!
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