Siemens ( SI), an electronics and electrical engineering company, operates in the energy, health care, industry and infrastructure and cities sectors worldwide. This stock closed up 1.3% at $109.32 in Friday's trading session.
Friday's Volume: 887,000
Three-Month Average Volume: 394,216
Volume % Change: 126%
Three-Month Average Volume: 195,715
Volume % Change: 160% >>Beat the S&P With 5 Stocks Wall Street Hates From a technical perspective, CSTE spiked sharply higher here right above some near-term support at $28.85 with above-average volume. This move pushed shares of CSTE into breakout territory, since the stock took out some near-term overhead resistance levels at $30.26 to $30.50. This move also pushed shares of CSTE into new all-time high territory, since the stock hit an intraday high of $32.98. Traders should now look for long-biased trades in CSTE as long as it's trending those breakout levels at $30.50 or $30.26 and then once it sustains a move or close above its new all-time high at $32.98 with volume that's near or above 195,715 shares. If we get that move soon, then CSTE will set up to enter new all-time-high territory, which is bullish technical price action. Some possible upside targets off that move are $40 to $43.
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