TravelCenters of America
TravelCenters of America (TA) operates and franchises travel centers mainly along the U.S. interstate highway system. This stock is trading up 3.4% to $7.18 in recent trading.
Today's Range: $6.83-$7.23
52-Week Range: $4.18-$7.98Volume: 311,000 Three-Month Average Volume: 291,937 From a technical perspective, TA is bouncing higher here right off some near-term support at $6.71 with above-average volume. This move has started to push shares of TA into breakout territory, since the stock has taken out some near-term overhead resistance at $7.15. Shares of TA are now quickly moving within range of triggering another major breakout trade. That trade will hit if TA manages to clear its next major overhead resistance levels at $7.56 to $7.64 with high volume. Traders should now look for long-biased trades in TA as long as it's trending above $7.15 or today's low of $6.83, and then once it sustains a move or close above those breakout levels with volume that hits near or above 291,937 shares. If that breakout triggers soon, then TA will set up to re-test or possibly take out its next major overhead resistance levels at $8 to $9. Energy Recovery Energy Recovery (ERII) is engaged in the design, development, manufacture and sale of energy recovery devices for sea water reverse osmosis desalination worldwide. This stock is trading up 5.9% to $4.64 in recent trading. Today's Range: $4.30-$4.98 52-Week Range: $1.95-$5.13 Volume: 347,000 Three-Month Average Volume: 173,870 From a technical perspective, ERII is ripping higher here right off some near-term support at $4.18 with above-average volume. This stock has been uptrending strong for the last four months, with shares soaring higher from its low of $2.40 to its recent high of $5.13. During that move, shares of ERII have been consistently making higher lows and higher highs, which is bullish technical price action. This move has now pushed shares of ERII within range of triggering a near-term breakout trade. That trade will hit if ERII manages to take out some near-term overhead resistance at $5.13 with high volume. Traders should now look for long-biased trades in ERII as long as it's trending above today's low of $4.30 or above that key support level at $4.18, and then once it sustains a move or close above $5.13 with volume that hits near or above 173,870 shares. If that breakout triggers soon, then ERII will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $6 to $6.50 in the near future.
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