(IMOS - Get Report)
This company provides semiconductor testing and assembly services for LCD and other flat-panel display driver semiconductors, and memory and logic/mixed-signal products. This stock is trading up 4.8% at $11.48 in recent trading.
Today's Volume: 195,000
Average Volume: 233,964
Volume % Change: 50%
From a technical perspective, IMOS is bouncing higher here right off its 50-day moving average of $10.84 with decent volume. This move is quickly pushing shares of IMOS within range of triggering a near-term breakout trade. That trade will if IMOS manages to clear some near-term overhead resistance levels at $12 to its 200-day at $12.56 with high volume.
Traders should now look for long-biased trades in IMOS as long as it's trending above some key near-term support at $10.30, and then once it sustains a move or close above those breakout levels with volume that hits near or above 233,964 shares. If that breakout triggers soon, then IMOS will set up to re-test or possibly take out its next major overhead resistance levels at $14 to $15.
Hain Celestial Group
(HAIN - Get Report)
This company manufactures, markets, distributes and sells natural and organic products under brand names, which are sold as better-for-you products. This stock is trading up 1.6% at $53.55 in recent trading.
Today's Volume: 473,000
Average Volume: 683,441
Volume % Change: 50%
From a technical perspective, HAIN is bouncing higher here right above some previous support at $51.38 with decent volume. That previous support dates back to August. This stock has been downtrending badly for the last four months, with shares dropping from a high of $73.72 to its recent low of $51.51. During that move, shares of HAIN have been mostly making lower highs and lower lows, which is bearish technical price action. That said, shares of HAIN have started to bounce here off oversold levels since its current relative strength index (RSI) reading is 32.20. Oversold can always get more oversold, but it's also an area where stocks can see big bounces from.
Traders should now look for long-biased trades in HAIN as long as it's trending above today's low of $51.51 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 683,441 shares as bullish. If HAIN can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day of $56.02 or its 50-day of $58.48.