Traders should now look for long-biased trades in JCOM as long as it's trending above some near-term support at $29, and then once it sustains a move or close above $31.07 with volume that hits near or above 332,848 shares. If that breakout triggers soon, then JCOM will set up to re-test or possibly take out its next major overhead resistance levels at $33 to $33.37. Any move above $33.37 will push JCOM into new 52-week high territory, which is bullish technical price action.
(KRO - Get Report)
This company is a global producer and marketer of value-added titanium dioxide pigments, or TiO2, a base industrial product used in a wide range of applications. This stock is trading up 9.2% at $13.84 in recent trading.
Today's Volume: 1.06 million
Average Volume: 597,200
Volume % Change: 119%
From a technical perspective, KRO is ripping higher here right off some near-term support at $12.65 with above-average volume. This stock has been downtrending badly for the past three months, with shares diving from a high of $18.72 to its recent low of $12.65. During that downtrend, shares of KRO have been consistently making lower highs and lower lows, which is bearish technical price action. That said, KRO is now rebounding and moving close to triggering a near-term breakout trade. That trade will hit once KRO manages to clear $13.74 to $14.28 with high volume.
Traders should now look for long-biased trades in KRO as long as it's trending above $13.74, and then once it sustains a move or close above $14.28 with volume that hits near or above 597,200 shares. If that breakout triggers soon, then KRO will set up to re-test or possibly take out its next major overhead resistance levels at $15.21 to $15.56. Any high-volume move above $15.56 would then trigger a possible move towards $17 to $18.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume
portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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