Traders should now look for long-biased trades in C as long as it's trending above its 50-day at $35.63, and then once it sustains a move or close above those breakout levels with volume that hits near or above 39.83 million shares. If that breakout triggers soon, then C will set up to re-test or possibly take out its next major overhead resistance levels at $38.50 to $38.72. Any high-volume move above $38.72 will then push C into new 52-week high territory, which is bullish technical price action. Some possible upside targets above its 52-week high are $40 to $43.
This is an economy hotel chain in China and mainly utilizes a lease-and-operate model, under which the company directly operates hotels that are typically located in prime locations of selected cities. This stock is trading up 3.5% at $16.25 in recent trading.
Today's Volume: 78,000Average Volume: 71,681 Volume % Change: 100% From a technical perspective, HTHT is moving higher here right above its 200-day moving average of $13.79 with above-average volume. This move is quickly pushing HTHT within range of triggering a near-term breakout trade. That trade will hit once HTHT manages to take out its 50-day at $16.66 and then once it clears some more overhead resistance levels at $17.09 to $17.55 with high volume. Traders should now look for long-biased trades in HTHT as long as it's trending above its 200-day at $13.79, and then once it sustains a move or close above those breakout levels with volume that hits near or above 71,681 shares. If that breakout triggers soon, then HTHT will set up to re-test or possibly take out its next major overhead resistance levels at $18.33 to $18.95. Hewlett-Packard (HPQ - Get Report) This is a global provider of products, technologies, software, solutions & services to individual consumers, small- and medium-sized businesses and large enterprises, including customers in the government, health and education sectors. This stock is trading up 4.3% at $14.12 in recent trading. Today's Volume: 38.46 million Average Volume: 30.30 million
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