Traders should now look for long-biased trades in EGOV as long as it's trending above its 50-day at $14.65, and then once it sustains a move or close above those breakout levels with volume that hits near or above 173,206 shares. If EGOV can maintain its trend above those breakout levels, then look for this stock to make a run at $20 in the near future.
This company is engaged in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. This stock is trading up 1% at $73.86 in recent trading.
Today's Volume: 4.45 millionAverage Volume: 4.67 million Volume % Change: 50% From a technical perspective, BA is moving modestly higher here with decent volume, after this stock recently crossed back above is 200-day moving average of $72.31 with strong upside volume. This move is quickly pushing BA within range of triggering a major breakout trade. That trade will hit once BA manages to take out some near-term overhead resistance levels at $74.54 to $75.50, and then once it takes out more resistance at $76.90 with high volume. Traders should now look for long-biased trades in BA as long as it's trending above its 200-day at $72.31, and then once it sustains a move or close above those breakout levels with volume that hits near or above 4.67 million shares. If that breakout triggers soon, then BA will set up to re-test or possibly take out its next major overhead resistance level at $78.19. 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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