Traders should now look for long-biased trades in FTI as long as it's trending above its 50-day at $51.81, and then once it sustains a move or close above $55.49 with volume that hits near or above 2.02 million shares. If that breakout triggers soon, then FTI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $60 to $63.
Newfield Exploration ( NFX) is an independent energy company, engaged in the exploration, development amd production of crude oil, natural gas and natural gas liquids. This stock is trading up 7.8% to $21.40 in recent trading.
Today's Volume: 4.08 million
Average Volume: 2.42 million
Volume % Change: 198%
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