Traders should now look for long-biased trades in DECK as long as it's trending above $39.04 or its 50-day at $38.34 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.31 million shares. If DECK triggers that breakout, then the stock will set up to re-test or possibly take out its next major overhead resistance levels at $46 to $49.61. Any high-volume move above $49.61 will then put $51.65 to $55 into range for shares of DECK.
I also featured Deckers recently in "
5 Stocks Setting Up to Break Out
(AMWD - Get Report)
manufactures and distributes kitchen cabinets and vanities for the remodeling and new home construction markets. This stock is trading up 4.2% at $29.41 in recent trading.
Today's Volume: 204,000
Average Volume: 104,577
Volume % Change: 159%
>>Today's Stocks Rising on Unusual Volume
From a technical perspective, AMWD is soaring higher here right above its 50-day moving average of $27.84 with above-average volume. This move is starting to push shares of AMWD into breakout territory, since the stock has taken out some near-term overhead resistance levels at $28.86 to $29.28. At last check, AMWD has hit an intraday high of $29.41 and volume is well above its three-month average action of 104,577 shares. This move has also pushed shares of AMWD into new 52-week high territory, which is bullish technical price action.
Traders should now look for long-biased trades in AMWD as long as it's trending above its 50-day at $16.64, and then once it sustains a move or close above $28.86 to $29.28 with volume that hits near or above 104,577 shares. If AMWD can maintain that trend, then this stock will have a great chance of tagging $33 to $35 in the near future.
(DDD - Get Report)
manufactures and sells 3D content-to-print solutions and 3D printing systems. This stock is trading up 1.8% at $59.62 in recent trading.
Today's Volume: 1.88 million
Average Volume: 2.44 million
Volume % Change: 50%
>>5 Stocks Under $10 Set to Soar Higher
From a technical perspective, DDD is bouncing modestly higher here right above $57.50 with decent volume. This stock has been hammered by the sellers of late, with shares dropping from its high of $71.98 to its low of $54.01 with heavy downside volume flows. Despite that drop, shares of DDD have so far held right around its 50-day moving average of $54.03. This move is now quickly pushing shares of DDD within range of triggering a near-term breakout trade. That trade will hit if DDD manages to take out some near-term overhead resistance at $67.73 with high volume.