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China Lodging Group(HTHT - Get Report), an economy hotel chain in China, is trading up 7.4% at $19.26 in recent trading.
Today's Volume: 526,000
Average Volume: 97,534
Volume % Change: 685%
From a technical perspective, HTHT is ripping higher here and entering new 52-week-high territory with heavy upside volume. This move is coming after HTHT recently pushed into breakout territory, above some key overhead resistance levels at 417.47 to $17.55.
Traders should now look for long-biased trades in HTHT as long as it's trending above today's low of $18.18 to some past overhead resistance at $18.95 with strong upside volume flows. I would consider any upside volume day that registers near or above its three-month average action of 97,534 shares as bullish. If HTHT can maintain that trend, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at $22.50 to $24.47.