Traders should now look for long-biased trades in CHKR as long as it's trending above $14.28, and then once it sustains a move or close above today's high of $14.85 with volume that hits near or above 288,493 shares. If we get that move soon, then CHKR will set up to re-test or possibly take out its next major overhead resistance levels at $16.50 to $17.
Atlas Energy LP
Atlas Energy LP (ATLS) provides natural-gas-gathering services in the Anadarko, Arkoma and Permian Basins and the Golden Trend in the southwestern and mid-continent U.S. and the Appalachian Basin in the eastern U.S. This stock is trading up 2.7% at $45.27 in recent trading.
Today's Volume: 309,000Average Volume: 332,570 Volume % Change: 51% From a technical perspective, ATLS is ripping higher here right above some near-term support at $43 with decent upside volume. This move has started to push shares of ATLS into breakout territory and new 52-week-high territory, since the stock has taken out some near-term overhead resistance at $44.56. Traders should now look for long-biased trades in ATLS as long as it's trending above today's low of $44 and above that breakout level of $44.56 with strong upside volume flows. I would consider any upside volume day that registers near or above 332,570 shares as bullish. If ATLS can sustain that move, then this stock will set up to enter new 52-week-high territory above $45.74, which is bullish price action. Some possible upside targets off that move are $47 to $50. Onyx Pharmaceuticals Onyx Pharmaceuticals (ONXX) is a biopharmaceutical company developing innovative therapies that target the molecular mechanisms that cause cancer. Its products include Nexavar, Stivarga and Kyprolis. This stock is trading up 0.77% to $89.54 in recent trading. Today's Volume: 1.08 million Average Volume: 1.25 million Volume % Change: 50% From a technical perspective, ONXX is trending higher here off some near-term support at $86 with decent upside volume. This move has started to push shares of ONXX into breakout territory, since the stock has flirted with some near-term overhead resistance levels at $88.91 to $89.51. At last check, ONXX has hit an intraday high of $92.49 and volume is just a touch below its three-month average action of 1.25 million shares.