Today's Volume: 4.45 million
Average Volume: 1.80 million
Volume % Change: 401%
From a technical perspective, FMCN is bouncing sharply to the upside here right off its 50-day moving average of $23.95 with monster volume. This move has started to push FMCN into breakout territory, since the stock has taken out some near-term overhead resistance at $24.67. This move is quickly pushing FMCN within range of triggering another big breakout trade. That trade will hit once FMCN manages to take out some past overhead resistance at $26.33 with high volume.
Traders should now look for long-biased trades in FMCN as long as it's trending above its 50-day at $23.95, and then once it sustains a move or close above $26.33 with volume that hits near or above 1.80 million shares. If that breakout triggers soon, then FMCN will set up to re-test or possibly take out its next major overhead resistance levels at $28 to $29.65.
(TGA - Get Report)
is mainly engaged in the exploration for, and the development and production of, oil and gas in Egypt and Yemen. This stock is trading up 9% at $12.01 in recent trading.
Today's Volume: 240,000
Average Volume: 94,159
Volume % Change: 337%
From a technical perspective, TGA is gapping sharply higher here right through its 50-day moving average of $11.12 with above-average volume. This move has started to push TGA into breakout territory, since the stock is flirting with some near-term overhead resistance levels at $11.75 to $12.14.
Traders should now look for long-biased trades in TGA as long as it's trending above $11.75 to $12.14 with strong upside volume flows. I would consider any upside volume day that registers near or above 94,159 shares as bullish. If TGA can maintain that trend, especially above $12.14, then this stock will set up to re-test or possibly take out its next major overhead resistance level at $14.46.
(SAM - Get Report)
is engaged in the business of selling low alcohol beverages throughout the U.S. The company sells its products to a network of approximately 400 wholesale distributors. This stock is trading up 7.2% at $115.79 in recent trading.