52-Week Range: $4.80-$11.79
Three-Month Average Volume: 272,323 >>5 Stocks Set to soar on Bullish Earnings From a technical perspective, FDML is trending modestly higher here right above some near-term support at $9.32 to $9.18 with lighter-than-average volume. This stock has been trending sideways for the last month and change, with shares moving between $8.91 on the downside and $10.67 on the upside. Shares of FDML are now starting to move within range of trigger a breakout trade above the upper end of its recent sideways chart pattern. That trade will hit if FDML clears some near-term overhead resistance levels at $10 to $10.67 with high volume. Traders should now look for long-biased trades in FDML as long as it's trending above some key near-term support at $9.32 or above more support at $9.18 to $8.91, and then once it sustains a move or close above those breakout levels with volume that hits near or above 272,323 shares. If that breakout triggers soon, then FDML will set up to re-test or possibly take out its next major overhead resistance levels at $11.35 to $11.79. Any high-volume move above those levels will then put $12 to $13 into range for shares of FDML.