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Costamare(CMRE - Get Report) owns and provides containerships for charter. This stock is trading up 4.3% at $13.97 in recent trading.
Today's Volume: 689,000
Average Volume: 325,962
Volume % Change: 406%
>>5 Rocket Stocks Ready to Rally
From a technical perspective, CMRE is bouncing hard here right off some near-term support at $13.20 with above-average volume. This move has also started to push CMRE above its gap down day high at around $13.95. At last check, CMRE has hit an intraday high of $14 and volume is well above its three-month average action of 325,962 shares.
Traders should now look for long-biased trades in CMRE as long as it's trending above that gap down day high of $13.95, and then once it sustains a move or close back above its 200-day at $14.10 and its 50-day at $14.47 with volume that hits near or above 325,962 shares. If CMRE can trigger that move soon, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $15.50 to $16.13.