Traders should now look for long-biased trades in INFA as long as it's trending near or above its 50-day at $27.48, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.47 million shares. If that breakout triggers soon, then INFA will set up to re-fill some of its previous gap down zone from October that started near $34.
Just Energy Group
This company is primarily involved in the sale of natural gas, electricity and green energy products to residential and commercial customers under long-term fixed-price, price-protected or variable-priced contracts. This stock is trading up 6.3% at $10.08 in recent trading.
Today's Volume: 324,000
Average Volume: 222,566
Volume % Change: 221%
Shares of JE are ripping higher today after the company said CPPIB Credit Investments invested C$105 million of unsecured, five and a half year term notes with a 9.75% coupon.
From a technical perspective, JE is soaring back above its 50-day moving average of $9.84 here with above-average volume. This stock has been uptrending strong for the last month, with shares moving higher from a low of $7.85 to its recent high of $10.10. During that uptrend, shares of JE have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of JE within range of triggering a near-term breakout trade. That trade will hit once JE manages to clear some near-term overhead resistance levels at $10.47 to its 200-day at $10.97 with high volume.
Traders should now look for long-biased trades in JE as long as it's trending above its 50-day at $9.84, and then once it sustains a move or close above those breakout levels with volume that hits near or above 222,566 shares. If that breakout triggers soon, then JE will set up to re-test or possibly take out its next major overhead resistance level at $11.14 to $11.36. Any high-volume move above $11.36 will then put $12.50 to $12.63 into focus for shares of JE.