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Engility(EGL - Get Report) is a provider of systems engineering services, training, program management and operational support for the U.S. government worldwide. This stock is trading up 1.3% at $18.63 in recent trading.
Today's Volume: 271,000
Average Volume: 287,162
Volume % Change: 90%
From a technical perspective, EGL is bouncing modestly higher here right off its 50-day moving average of $18.08 with decent volume. This move is quickly pushing EGL within range of triggering a near-term breakout trade. That trade will hit once EGL manages to take out some near-term overhead resistance at $20 with high volume.
Traders should now look for long-biased trades in EGL as long as it's trending above its 50-day at $18.08, and then once it sustains a move or close above $20 with volume that hits near or above 287,162 shares. If that breakout triggers soon, then EGL will setup to re-test or possibly take out its all-time high at $22.50.
To see more stocks rising on unusual volume, check out the
Stocks Rising on Unusual Volume portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.