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RadioShack(RSH) is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain. This stock is trading up 3.1% to $2.46 in recent trading.
Today's Range: $2.02-$2.71
52-Week Range: $2.01-$13.75
Volume: 6.8 million
Three-Month Average Volume: 3.8 million
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From a technical perspective, RSH is bouncing here off some near-term support at $2 with monster upside volume. This move has briefly pushed RSH back above its 50-day moving average of $2.56, and above some near-term overhead resistance at $2.40. At last check, RSH has hit an intraday high of $2.71 and volume is well above its three-month average action of 3.8 million shares.
Traders should now look for long-biased trades in RSH as long as it's trending above its 50-day with strong upside volume flows. I would consider any upside volume day that registers near or above 3.8 million shares as bullish. If RSH can sustain that trend, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $3.10 to $3.18. Any high-volume move above those levels will put $3.70 to $4 into focus for RSH.