(FL - Get Report)
is a global retailer of athletically inspired shoes and apparel, operating 3,369 primarily mall-based stores in the U.S., Canada, Europe, Australia and New Zealand. This stock is trading up 4.1% at $33.63 in recent trading.
Today's Volume: 2.97 million
Average Volume: 2.47 million
Volume % Change: 102%
From a technical perspective, FL is trending higher here back above its 200-day moving average of $33.43 and right into its 50-day moving average at $33.77. This move is quickly pushing shares of FL within range of triggering a near-term breakout trade. That trade will hit if FL manages to take out its 50-day at $33.77 and then once it clears more overhead resistance at $34.25 with high volume.
Traders should now look for long-biased trades in FL as long as it's trending above today's low of $32.73, and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.47 million shares. If that breakout triggers soon, then FL will set up to re-fill its previous gap down zone from earlier this month that started near $35.50. Any high-volume move above $35.90 to $36.24 will then put $37.26 into range for shares of FL.
To see more stocks rising on unusual volume, check out the
Stocks Rising On Unusual Volume
portfolio on Stockpickr.
-- Written by Roberto Pedone in Winderemere, Fla.
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