Average Volume: 2.08 million
Volume % Change: 858% Shares of RLGY moved higher on Wednesday after the company said its second-quarter earnings will beat expectations as the real estate market recovers. The firm also said that Apollo Global Management is selling its remaining 25.1 million-share stake in the company, currently valued at around $1.24 billion. >>5 Stocks Set to Soar on Bullish Earnings From a technical perspective, RLGY trended modestly higher here right above its 50-day moving average of $50.23 with monster upside volume. This move is quickly pushing shares of RLGY within range of triggering a near-term breakout trade. That trade will hit if RLGY manages to take out some near-term overhead resistance levels at $51.80 to $51.90 with high volume. Traders should now look for long-biased trades in RLGY as long as it's trending above its 50-day at $50.23 or above more support at $48 and then once it sustains a move or close above those breakout levels with volume that hits near or above 2.08 million shares. If that breakout triggers soon, then RLGY will set up to re-test or possibly take out its all-time high at $55.28. Any high-volume move above that level will then give RLGY a chance to trend north of $60.