Traders should now look for long-biased trades in GMED as long as it's trending above $11.12, and then once it sustains a move or close above some near-term overhead resistance at $12.50 with volume that hits near or above 255,540 shares. If that breakout hits soon, then GMED will set up for a powerful bounce off oversold levels. Some potential upside targets are $13.50 to $15.
This company provides an on-demand, integrated business management application suite which offers Accounting/Enterprise Resource Planning, Customer Relationship Management & Ecommerce functionality to medium-sized businesses & other businesses. This stock is trading up 1.6% at $64.40 in recent trading.
Today's Volume: 573,000Average Volume: 506,319 Volume % Change: 118% From a technical perspective, N is moving up modestly here and breaking out above yesterday's high near $64 with decent volume. This move is quickly pushing N within range of triggering a major breakout trade. That trade will hit once N manages to take out its 52-week high of $67.02 with high volume. Traders should now look for long-biased trades in N as long as it's trending above today's low of $63.08, and then once it sustains a move or close above its 52-week high of $67.02 with volume that hits near or above 506,319 shares. If that breakout triggers soon, then N will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $70 to $75 in the near future. Informatica (INFA) This is an independent provider of enterprise data integration and data quality software and services. This stock is trading up 6.6% at $27.40 in recent trading. Today's Volume: 2.69 million Average Volume: 2.47 million Volume % Change: 84% From a technical perspective, INFA is ripping higher here just below its 50-day moving average of $27.48 with above-average volume. This move is quickly pushing shares of INFA within range of triggering a major breakout trade. That trade will hit once INFA manages to clear some near-term overhead resistance levels at $27.63 to $27.95, and then once it takes out more overhead resistance at $30.16 with high volume. At last check, INFA has hit an intraday high of $27.73 and volume is just starting to surpass its three-month average action of 2.47 million shares.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV