Today's Volume: 1.06 million
Average Volume: 964,821
Volume % Change: 111%
From a technical perspective, SPW is bouncing higher here right off its 50-day moving average of $66.52 and back above its 200-day moving average of $67.83 with above average volume. This stock has been uptrending for the last few weeks, with shares moving higher from a low of $60.61 to its intraday high of $68.99. During that move, shares of SPW have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed SPW within range of triggering a major breakout trade. That trade will hit once SPW manages to clear some near-term overhead resistance levels at $69.11 to $70.88 and then once it takes out more overhead resistance at $71.36 with high volume.Traders should now look for long-biased trades in SPW as long as it's trending above its 50-day at $66.52 or its 200-day at $68.01, and then once it sustains a move or close above those breakout levels with volume that hits near or above 964,821 shares. If that breakout hits soon, then SPW will set up to re-test or possibly take out its next major overhead resistance levels at $76.04 to $78.50. Cheniere Energy (LNG - Get Report) This company is engaged in the energy business generally, including its publicly traded subsidiary partnership, Cheniere Energy Partners. This stock is trading up 3.3% at $18.47 in recent trading. Today's Volume: 3.67 million Average Volume: 3.98 million Volume % Change: 50% From a technical perspective, LNG is bouncing higher here right above some near-term support at $17 to $16.90 with decent upside volume flows. This stock has been uptrending strongly for the last month and change, with shares soaring from a low of $13.85 to its intraday high of $18.46. During that move, shares of LNG have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now started to push LNG into breakout territory, since the stock is starting to move above some near-term overhead resistance at $18.28.
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