Today's Volume: 1.39 million
Average Volume: 741,900
Volume % Change: 148%
From a technical perspective, SODA is exploding higher here with heavy upside volume. This move has started to push SODA into breakout territory, since the stock has moved above some near-term overhead resistance levels at $41.65 to $43. Shares of SODA are now quickly moving within range of triggering another major breakout trade. That trade will hit once SODA clears some past overhead resistance at $44.50 with high volume.Traders should now look for long-biased trades in SODA as long as it's trending above $41.65, and then once it sustains a move or close above $43 to $44.50 with volume that hits near or above 741,900 shares. If that breakout triggers soon, then SODA will set up to re-test or possibly take out its 52-week high of $48.13. Any high-volume move above $48.13 would then give SODA a chance to push above $50 in the near future. Ormat Technologies (ORA - Get Report) This company is engaged in the geothermal and recovered energy power business. It designs, develops, builds, owns, and operates clean, environmentally friendly geothermal and recovered energy-based power plants. This stock is trading up 4.2% at $20.05 in recent trading. Today's Volume: 147,000 Average Volume: 76,295 Volume % Change: 166% From a technical perspective, ORA is ripping higher here right off some near-term support at $19 and its moving back above its 200-day at $19.43 with above-average volume. This move is quickly pushing ORA within range of triggering a near-term breakout trade. That trade will hit once ORA manages to take out some near-term overhead resistance at $20.05 with high volume. At last check, ORA has hit an intraday high of $20.16 and volume is well above its three-month average action of 76,295 shares. Traders should now look for long-biased trades in ORA as long as it's trending above its 200-day at $19.43, and then once it sustains a move or close above $20.05 to $20.16 with volume that hits near or above 76,295 shares. If that breakout triggers soon, then ORA will set up to re-test or possibly take out its next major overhead resistance level at $21.15. Any high-volume move above $21.15 would then put $21.50 to $21.78 into focus for shares of ORA.
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