Research In Motion
This company designs, manufactures, and markets wireless solutions for the mobile communications market worldwide. It provides platforms and solutions for access to information, including email, voice, instant messaging. This stock is trading up 8.2% at $11.48 in recent trading.
Today's Volume: 39.23 million
Average Volume: 37.08 million
Volume % Change: 95%
From a technical perspective, RIMM is spiking higher here right above its 50-day moving average of $10.17 with above-average volume. This stock recently gapped down and sold off from around $14 to its recent low of $10.59 with heavy downside volume. This bounce today is now pushing shares of RIMM within range of breaking out and trading back into that gap down zone. That breakout trade will hit once RIMM clears $12.50 with high volume.
Traders should now look for long-biased trades in RIMM as long as it's trending above its 50-day at $10.17, and then once it sustains a move or close above $12.50 with volume that hits near or above 37.08 million shares. If that breakout hits soon, then RIMM will set up to re-fill some of that gap down zone that started at around $14.
Nu Skin Enterprises
(NUS - Get Report)
This is a global direct selling company, which develops and distributes innovative, premium-quality personal care products and nutritional supplements that are sold under the Nu Skin and Pharmanex brands. This stock is trading up 2.7% at $33.95 in recent trading.
Today's Volume: 1.95 million
Average Volume: 1.36 million
Volume % Change: 138%
From a technical perspective, NUS is trending higher here right above some near-term support at $32.36 with above-average volume. This stock recently plunged big from around $45 to its recent low of $32.36 with heavy downside volume. That move has now pushed shares of NUS into oversold territory, since its current relative strength index (RSI) is now 23.70. Oversold can always get more oversold, but it's also an area that a stock can experience a monster snapback rally if buyers move in.
Traders should now look for long-biased trades in NUS as long as it's trending above $32.36 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 1.36 million shares as bullish. If NUS can maintain a trend above $32.36 with strong volume, then this stock will set up to re-test or possibly take out its next major overhead resistance level at $36.