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Columbia Sportswear(COLM - Get Report) is engaged in the design, sourcing, marketing and distribution of outdoor apparel, footwear, accessories and equipment. This stock is trading up 3.4% at $55.56 in recent trading.
Today's Volume: 220,000
Average Volume: 134,831
Volume % Change: 222%
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From a technical perspective, COLM is moving notably higher here with above-average volume. This move has started to push COLM into breakout territory, since the stock has challenged some near-term overhead resistance levels at $54.76 to $55.57. At last check, COLM has hit an intraday high of $57.21 and volume is well above its three-month average action of 134,831 shares.
Traders should now look for long-biased trades in COLM as long as it's trending above $54.76 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average volume of 134,831 shares as bullish. If COLM can maintain that trend, then look for this stock to re-test or possibly take out its next major overhead resistance level at $57.87. Any high-volume move above $57.87 will put $60 to $62.50 into focus for COLM.