Traders should now look for long-biased trades in DELL as long as it's trending near or above its 50-day at $9.58, and then once it sustains a move or close above $10.75 with volume that hits near or above 21.16 million shares. If DELL can trigger that breakout soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $11.50 to $11.75. Any high-volume move above $11.75 will then put $12.67 into focus for shares of DELL.
SodaStream International (SODA)
This company is engaged in developing, manufacturing and marketing home beverage carbonation systems and related products. This stock is trading up 1.8% at $40.63 in recent trading.
Today's Volume: 794,000Average Volume: 722,236 Volume % Change: 98% From a technical perspective, SODA is trending higher here with above-average volume. This move is quickly pushing SODA within range of triggering a major breakout trade. That trade will hit once SODA manages to clear some near-term overhead resistance at $41.63 with high volume. At last check, SODA has hit an intraday high of $41.44 and volume is just starting to surpass its three-month average action of 722,236 shares. Traders should now look for long-biased trades in SODA once it manages to sustain a move or close above $41.63 with volume that hits near or above 722,236 shares. If that breakout triggers soon, then SODA will set up to re-test or possibly take out its next major overhead resistance level at $44.50. Any high-volume move above $44.50 will then put $48.13 into focus for shares of SODA. Sears Holdings (SHLD) This company is an integrated retailer with over 3,900 full-line and specialty retail stores in the United States and Canada. This stock is trading up 1.7% at $42.50 in recent trading. Today's Volume: 1.51 million Average Volume: 1.16 million Volume % Change: 157% From a technical perspective, SHLD is bouncing higher here off of oversold levels with above-average volume. This stock has been crushed by the bears during the last month, with shares plunging from a high of $68.77 to a recent low of $41.15. That move has pushed SHLD into extremely oversold territory, since its current relative strength index (RSI) reading is 25.98. Oversold can always get more oversold, but it's also an area where a stock can make a powerful bounce higher from.