This company is the supplier of methanol to each of the major international markets of North America, Asia Pacific and Europe as well as Latin America. This stock is trading up 1.7% at $33.74 in recent trading.
Today's Volume: 347,000
Average Volume: 202,333Volume % Change: 178% From a technical perspective, MEOH is bouncing modestly higher here right above some near-term support at $33 with above-average volume. This stock has been uptrending strongly for the last three months, with shares soaring from its low of $26.40 to its recent high of $33.82. During that move, shares of MEOH have been consistently making higher lows and higher highs, which is bullish technical price action. That move has now pushed MEOH within range of triggering a near-term breakout trade. That trade will hit if MEOH takes out some near-term overhead resistance at $33.82 with high volume. Traders should now look for long-biased trades in MEOH as long as it's trending above some key near-term support at $32.50, and then once it sustains a move or close above $33.82 with volume that hits near or above 202,333 shares. If that breakout triggers soon, then MEOH will set up to re-test or possibly take out its next major overhead resistance level at $34.88. 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.
Twitter and become a fan on Facebook.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV