Traders should now look for long-biased trades in ARTC as long as it's trending above its 50-day at $32.21, and then once it sustains a move or close above its 52-week high of $34.03 with volume that hits near or above 124,635 shares. If that breakout triggers soon, then ARTC will set up to re-test or possibly take out its next major overhead resistance levels at $35 to $36.
This company engages in magazine publishing and related brand licensing, television broadcasting, integrated marketing, interactive media, and video production related operations. Meredith operates two business segments: national & local media. This stock is trading up 1.8% at $35.28 in recent trading.
Today's Volume: 1.57 millionAverage Volume: 344,213 Volume % Change: 438% From a technical perspective, MDP is spiking higher here right above its 50-day moving average of $32.69 with monster upside volume. This stock has been uptrending strongly for the last month and change, with shares soaring from a low of $28.90 to its recent high of $35.68. During that move, shares of MDP have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of MDP within range of triggering a near-term breakout trade. That trade will hit once MDP clears some near-term overhead resistance at $35.68 with high volume. Traders should now look for long-biased trades in MDP as long as it's trending above its 50-day at $32.69, and then once it sustains a move or close above $35.68 with volume that hits near or above 344,213 shares. If that breakout triggers soon, then MDP will set up to re-test or possibly take out its next major overhead resistance levels at $37.37 to $37.84. Any high-volume move above $37.84 will then push MDP into new 52-week high territory, which is bullish technical price action. Pool (POOL - Get Report) This company is a wholesale distributor of swimming pool supplies, equipment and related leisure products and is the three distributors of irrigation and landscape products in the United States. This stock is trading up 1% at $41.83 in recent trading.
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