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MB Financial(MBFI - Get Report) provides various financial services to small and middle market businesses as well as individuals in the U.S. This stock is trading up 3% at $20.31 in recent trading.
Today's Volume: 428,000
Average Volume: 202,582
Volume % Change: 229%
>>5 Takeover Targets to Buy Before Wall Street Finds Out
From a technical perspective, MBFI is moving notably higher here back above its 50-day at $20.04 and its 200-day at $20.20 with above-average volume. This move is quickly pushing MBFI within range of triggering a near-term breakout trade. That trade will hit once MBFI manages to take out some near-term overhead resistance at $21 to $21.27 with high volume.
Traders should now look for long-biased trades in MBFI as long as its trending above its 200-day, and then once it sustains a move or close above those breakout levels with volume that hits near or above 202,582 shares. If that breakout triggers soon, then look for MBFI to re-test or possibly take out its next major overhead resistance level at $22.44 to $25.