Today's Volume: 337,000
Average Volume: 221,758
Volume % Change: 152%
From a technical perspective, MIC is spiking higher here right above its 50-day at $42.57 with above-average volume. This move is quickly pushing shares of MIC within range of triggering a major breakout trade. That trade will hit once MIC manages to clear its 52-week high of $44.67 with high volume.Traders should now look for long-biased trades in MIC as long as it's trending above its 50-day at $42.57, and then once it sustains a move or close above $44.58 to $44.67 with volume that hits near or above 221,758 million shares. If that breakout triggers soon, then MIC will set up to enter new 52-week high territory, which is bullish technical price action. Some possible upside targets off that breakout are $50 to $55 in the near future. To see more stocks rising on unusual volume, check out the Stocks Rising On Unusual Volume portfolio on Stockpickr. -- Written by Roberto Pedone in Winderemere, Fla.
Twitter and become a fan on Facebook.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts