Traders should now look for long-biased trades in LNG as long as it's trending above $16.90, and then once it sustains a move or close above some breakout levels at $18.28 to $18.92 with volume that hits near or above 3.98 million shares. If that breakout triggers soon, then LNG will set up to enter new 52-week high territory once it clears $18.92, which would be bullish technical price action. Some possible upside targets off that breakout are $20 to $23.
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.
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