Nationstar Mortgage (NSM - Get Report) is a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum. This stock is trading up 7.5% at $35.68 in recent trading.
Today's Volume: 1.8 millionAverage Volume: 912,438 Volume % Change: 319% >>5 Bank Stocks Bernanke Can't Hurt Anymore From a technical perspective, NSM is ripping to the upside here with monster volume. This move is quickly pushing NSM within range of triggering a breakout trade. That trade will hit once NSM manages to clear some near-term overhead resistance at $34.90 with high volume. Traders should now look for long-biased trades in NSM as long as it's trending above $31.60, and then once it sustains a move or close above $34.90 with volume that's near or above 912,438 shares. If that breakout triggers soon, then look for NSM to possible hit $40 in the near future.
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