If you're bullish on KMR, then I would look for long-biased trades once this stock manages to break out above some near-term overhead resistance at $74.19 to $75.68 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 403,375 shares. If KMR triggers that breakout soon, then look for this stock to re-test or possibly take out its next major overhead resistance levels at $76.50 to $78 a share. Any high-volume move above those levels will then put $78.61 to $79 into focus for KMR.
-- Written by Roberto Pedone in Winderemere, Fla.
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