3 Volume Surges on Obama Reelection

Sturm, Ruger & Company

Sturm, Ruger & Company (RGR) is principally engaged in the design, manufacture, and sale of firearms to domestic customers. This stock is trading up 6.1% at $47.38 in recent trading.

Today's Volume: 786,000

Average Volume: 409,451

Volume % Change: 191%

Shares of RGR are soaring today after President Barack Obama was re-elected, mirroring a similar surge in 2008 and 2009 when fears ⿿ later proven to be unfounded ⿿ of new regulation on gun ownership generated brisk sales.

From a technical perspective, RGR is gapping sharply higher here back above its 50-day moving average of $46.33 with above-average volume. This move is quickly pushing RGR within range of triggering a near-term breakout trade. That trade will hit once RGR manages to clear some near-term overhead resistance at $48.01 with high volume.

Traders should now look for long-biased trades in RGR as long as it's trending above its 50-day at $46.33, and then once it sustains a move or close above $48.01 with volume that hits near or above 409,451 shares. If that breakout triggers soon, then RGR will set up to re-test or possibly take out its next major overhead resistance levels at $50 to $51.59. Any high-volume move above $51.59 will then put it next major overhead resistance level of $57.04 into focus for RGR.

Vanguard Health Systems

Vanguard Health Systems (VHS) is an operator of regionally-focused integrated healthcare delivery networks with significant presence in several large and attractive markets. This stock is trading up 9.1% at $11.54 in recent trading.

Today's Volume: 1.14 million

Average Volume: 211,268

Volume % Change: 867%

Shares of hospital operators like VHS are ripping higher today after voters re-elected President Barack Obama, helping preserve the 2012 health care reform law and its expansion of health insurance coverage.

From a technical perspective, VHS is gapping up sharply higher here back above its 50-day moving average of $11.07 with monster upside volume. This move has also pushed VHS into breakout territory, since the stock has taken out some near-term overhead resistance at $11.18. Traders should now watch for the next major breakout trade to trigger for VHS. That trade will hit once VHS manages to take out some near-term overhead resistance and its 52-week high at $12.79.

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