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L&L Energy(LLEN) produces, processes and sells coal in the People's Republic of China. This stock is trading up 3.7% to $2.35 in recent trading.
Today's Range: $2.21-$2.44
52-Week Range: $1.30-$3.25
Three-Month Average Volume: 130,060
>>5 Stocks Ready to Break Out
From a technical perspective, LLEN is bouncing higher here right off some near-term support at $2.20 with above-average volume. This move has also started to push LLEN into breakout territory, since the stock has taken out some near-term overhead resistance levels at $2.25 to $2.33. The next major breakout for LLEN will hit once it takes out some past overhead resistance at $2.60 with high volume.
Traders should now look for long-biased trades in LLEN as long as it's trending above $2.20, and then once it sustains a move or close above $2.60 with volume that hits near or above 130,060 shares. If that breakout triggers soon, then look for LLEN to re-test or possibly take out its next major overhead resistance levels at $3.18 to $3.25.