Today's Volume: 700,000
Average Volume: 342,962
Volume % Change: 263%
Shares of NFG are ripping higher today after the company announced significant Marcellus Shale wells results.
From a technical perspective, NFG is gapping higher here back above its 50-day moving average of $51.30 with heavy upside volume. This move has started to push NFG into breakout territory, since the stock has cleared some near-term overhead resistance at $53.60. Shares of NFG are now moving within range of triggering another breakout trade. That trade will hit if NFG manages to take out some near-term overhead resistance at $55.28 and then its 52-week high of $55.66 with high volume.
Traders should now look for long-biased trades in NFG as long as it's trending above its first breakout level of $53.60, and then once it sustains a move or close above those second tier breakout levels with volume that hits near or above 342,962 shares. If that breakout triggers soon, then NFG will set up to re-test or possibly take out its next major overhead resistance levels at $58.53 to $62.47.
(BRLI - Get Report)
is engaged in offering testing, information and related services to physician offices, clinics, hospitals, employers and governmental units. This stock is trading up 3.7% at $31.02 in recent trading.
Today's Volume: 356,000
Average Volume: 319,739
Volume % Change: 112%
From a technical perspective, BRLI is ripping higher here and breaking out above some near-term overhead resistance at $29.97 with above-average volume. This move is quickly pushing shares of BRLI within range of triggering another major breakout trade. That trade will hit if BRLI manages to clear some near-term overhead resistance levels at $32 to $32.86 with high volume.
Traders should now look for long-biased trades in BRLI as long as it's trending above $30, and then once it sustains a move or close above those breakout levels with volume that hits near or above 319,739 shares. If that breakout triggers soon, then BRLI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $35 to $37.