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Gentherm(THRM - Get Report) designs, develops, manufactures and markets proprietary technology electronic components and systems for sale to car and truck original equipment manufacturers. This stock is trading up 5% to $15.25 in recent trading.
Today's Volume: 584,000
Average Volume: 112,948
Volume % Change: 584%
>>5 Big Stock Trades Signaling 'Buy'
From a technical perspective, THRM is gapping up sharply higher here right above some near-term support at $14.50 with above-average volume. This stock has been uptrending strong for the last three months, with shares soaring higher from its low of $11.11 to its intraday high of $16.18. During that move, shares of THRM have been mostly making higher lows and higher highs, which is bullish technical price action. That move has now pushed shares of THRM into breakout territory, since the stock has taken out some near-term overhead resistance at $15.
Traders should now look for long-biased trades in THRM as long as it's trending above $15 or $14.50, and then once it sustains a move or close above $16.18 to $16.50 with volume that hits near or above 112,948 shares. If that breakout triggers soon, then THRM will set up to re-test or possibly take out its next major overhead resistance levels at $17.74 to $18.18.