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Barnes & Noble(BKS - Get Report) is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform. This stock is trading up 5% at $14.50 in recent trading.
Today's Volume: 1.2 million
Average Volume: 963,162
Volume % Change: 79%
From a technical perspective, BKS is bouncing sharply to the upside here right off its 200-day moving average of $13.89 with above-average volume. This move is quickly pushing BKS within range of triggering a major breakout trade. That trade will hit once BKS manages to take out some key overhead resistance at $14.78 with high volume.
Traders should now look for long-biased trades in BKS as long as its trending above its 200-day, and then once it sustains a move or close above $14.78 with volume that hits near or above 963,162 shares. At last check, BKS has hit an intraday high of $14.80 and volume has started to push above its three-month average action of 963,162 shares. If BKS triggers that breakout soon, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $17.68 to $19.58.
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-- Written by Roberto Pedone in Winderemere, Fla.