Three-Month Average Volume: 1.89 million
Volume % Change: 180% >>5 Surprise Stocks the Pros Love Right Now From a technical perspective, SCCO soared higher here back above its 50-day moving average of $28.17 with strong upside volume flows. This stock has been downtrending badly for the last six months, with shares plunging lower from its high of $41.35 to its recent low of $25.75. During that downtrend, shares of SCCO have been consistently making lower highs and lower lows, which is bearish technical price action. That said, shares of SCCO have now started to rip off that $25.75 low and quickly move within range of triggering a near-term breakout trade. That trade will hit if SCCO manages to take out some near-term overhead resistance at $29.11 with high volume. If that breakout hits, then SCCO could be ready to reverse its downtrend and enter a new uptrend. Traders should now look for long-biased trades in SCCO as long as it's trending above Friday's low of $27.58 or above $27 and then once it sustains a move or close above $29.11 with volume that's near or above 1.89 million shares. If that breakout triggers soon, then SCCO will set up to re-test or possibly take out its next major overhead resistance levels at $34 to $36.