Average Volume: 1.35 million
Volume % Change: 180%
Shares of AGO are moving higher today after MKM Partners maintained its buy rating and $28 12-month price target on the stock, despite the fact that Moody's Investors Service downgraded its rating on the stock to A2 from Aa3.
From a technical perspective, AG is ripping higher here right off its 50-day moving average of $14.16 with heavy upside volume. This move is quickly pushing shares of AGO within range of triggering a major breakout trade. That trade will hit if AGO manages to clear some key overhead resistance levels at $15.72 to $15.83 with high volume.Traders should now look for long-biased trades in AGO as long as it's trending above its 50-day at $14.16, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.35 million shares. If that breakout triggers soon, then AGO will set up to re-test or possibly take out its next major overhead resistance levels at $16.50 to $17. Any high-volume move above $17 will then give AGO a chance to re-fill some of its previous gap down zone from last March that started near $19. Consol Energy Consol Energy (CNX) is a multi-fuel energy producer and energy services provider that mainly serves the electric power generation industry in the U.S. This stock is trading up 4% at $31.85 in recent trading. Today's Volume: 4.70 million Average Volume: 2.71 million Volume % Change: 89% Shares of CNX are trending higher today after the company said its mines and gas operations ran well during the quarter. From a technical perspective, CNX is spiking higher here back above its 200-day moving average of $31.46 with heavy upside volume. This move is quickly pushing CNX within range of triggering a near-term breakout trade. That trade will hit if CNX manages to take out its 50-day moving average of $32.20 and some more overhead resistance at $33 with high volume. Traders should now look for long-biased trades in CNX as long as it's trending above its 200-day at 31.46, and then once it sustains a move or close above those breakout levels with volume that this near or above 2.71 million shares. If that breakout triggers soon, then CNX will set up to re-test or possibly take out its next major overhead resistance levels at $35.27 to $37.01.
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