Traders should now look for long-biased trades in THOR as long as it's trending above its 50-day moving average of $34.98, and then once it sustains a move or close above $38.12 with volume that hits near or above 440,005 shares. If that breakout triggers soon, then THOR will set up to re-test or possibly take out its next major overhead resistance levels at $40.65 to $46.
Cedar Fair (FUN)
This company is a regional amusement park operator, which owns eleven amusement parks, six outdoor water parks, one indoor water park and five hotels. This stock is trading up 2.5% at $35.54 in recent trading.
Today's Volume: 500,000Average Volume: 232,406 Volume % Change: 164% From a technical perspective, FUN is bouncing modestly higher here back above its 50-day moving average of $34.56 with above-average volume. This stock has been uptrending strongly for the last six months, with shares moving from $24.69 to $37.69. During that uptrend, shares of FUN have been mostly making higher lows and higher highs, which is bullish technical price action. That action has now pushed FUN within range of triggering a near-term breakout trade. That trade will hit once FUN takes out some near-term overhead resistance at $37.69 with high volume. Traders should now look for long-biased trades in FUN as long as it's trending above its 50-day at $34.56, and then once it sustains a move or close above $37.69 with volume that hits near or above 232,406 shares. If that breakout triggers soon, then FUN will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets are $40 to $45 in the near future off that breakout. Fusion-IO (FIO) This company provides a combination of hardware and software that places data closer to processing. This stock is trading up 5.3% at $24.24 in recent trading. Today's Volume: 3.33 million Average Volume: 2.54 million Volume % Change: 87% Shares of FIO are trending higher today after rumors made the rounds that IBM is close to making a $3.4 billion offer for the company. There is also some talk today that SAP is interested in making a competing/higher offer for FIO.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV