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USG(USG - Get Report), through its subsidiaries, is a manufacturer and distributor of building materials. This stock is trading up 6.8% at $24.29 in recent trading.
Today's Volume: 6.1 million
Average Volume: 2.9 million
Volume % Change: 187%
>>9 Homebuilder Suppliers Riding the Rebound
From a technical perspective, USG is skyrocketing higher here right off its 50-day moving average of $21.28 with monster volume. This move is quickly pushing USG within range of triggering a major breakout trade. That trade will hit once USG manages to clear some near-term overhead resistance levels at $23.34 to $24.23 with high volume. At last check, USG has hit an intraday high of $24.41 and volume is well above its three-month average action of 2,935,330 shares.
Traders should now look for long-biased trades in USG as long as it's trending above $23, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2,925,330 shares. If USG can maintain that trend, then this stock will setup to re-test or possibly take out its next major overhead resistance level at $26 to $30.