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Luxottica Group(symbol) is an Italy-based company engaged in the design, manufacturing and distribution of prescription frames, sports eyewear and sunglasses. This stock is trading up 3.2% at $36.42 in recent trading.
Today's Volume: 92,000
Average Volume: 71,992
Volume % Change: 166%
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From a technical perspective, LUX is continuing to bounce higher here off its 50-day moving average at $35.44 with above-average volume. This move is quickly pushing LUX within range of triggering a near-term breakout trade. That trade will hit once LUX manages to clear some near-term overhead resistance at $36.59 with high volume.
Traders should now look for long-biased trades in LUX as long as it's trending above its 50-day at $35.44, and then once it sustains a move or close above $36.59 with volume that's near or above 71,992 shares. If that breakout triggers soon, then look for LUX to re-test or possibly take out its next significant overhead resistance levels at $37.39.