Teavana (TEA) is a specialty retailer of premium loose-leaf teas, authentic artisanal teawares and other tea-related merchandise. This stock is trading up 5.9% at $10.94 in recent trading.
Today's Volume: 164,000
Average Volume: 133,427Volume % Change: 104% From a technical perspective, TEA is bouncing sharply higher here right around some previous support levels at around $10.75 to $10.96 with above-average volume. This bounce is coming after shares of TEA have recently dropped sharply from $13.78 to today's low of $10.27. That sharp plunge lower has pushed TEA into oversold territory, since its relative strength index (RSI) reading is now 37. Oversold can always get more oversold, but this bounce today could be signaling that TEA is reading to spike significantly higher. Traders should now look for long-biased trades in TEA as long as it's trending above today's low of $10.27, and then once it sustains a move or close above some near-term overhead resistance levels at $11.32 to $12.28 with high volume. Look for volume on that move that hits near or above 133,427 shares. If we get that move from TEA, then this stock could bounce back towards $13 to 13.78 or possibly even $14.50 in the near future. Inergy (NRGY) Inergy (NRGY - Get Report) owns and operates retail and wholesale propane supply, marketing and distribution business. It also operates two natural gas storage facilities, a liquefied petroleum gas storage facility and a natural gas liquids business. This stock is trading up 5.4% at $20.06 in recent trading. Today's Volume: 539,000 Average Volume: 386,629 Volume % Change: 130% From a technical perspective, NRGY is bouncing sharply off some near-term support at $19 here with above-average volume. This move is quickly pushing NRGY within range of triggering of triggering a near-term breakout trade. That trade will hit once NRGY takes out some near-term overhead resistance levels at $19.94 to $20.42 with high volume. Traders should now look for long-biased trades in NRGY as long as it's trending above $19, and then once it sustains a move or close above those breakout levels with volume that hits near or above 386,629. If that breakout triggers soon, then NRGY will set up to re-fill its previous gap down zone from September that started around $21.66. Any high-volume move above $21.66 would then put $22.75 into focus for NRGY.
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