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Sears Holdings(SHLD - Get Report) is an integrated retailer with over 3,900 full-line and specialty retail stores in the U.S. and Canada. This stock is trading up 7.6% at $44.09 in recent trading.
Today's Volume: 1.67 million
Average Volume: 1.24 million
Volume % Change: 104%
From a technical perspective, SHLD is ripping higher here right above some near-term support at $40 with above-average volume. This move is quickly pushing SHLD within range of triggering a near-term breakout trade. That trade will hit if SHLD takes out some near-term overhead resistance levels at $43.78 to $45.43 with high volume. At last check, SHLD has hit an intraday high of $44.38 and volume is well above its three-month average action of 1.24 million shares.
Traders should now look for long-biased trades in SHLD as long as it's trending above $43.78, and then once it sustains a move or close above $45.43 volume that hits near or above 1.24 million shares. If that breakout triggers soon, then SHLD will set up to re-test or possibly take out its next major overhead resistance levels at its 50-day of $47.35 to its 200-day at $49.92.