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>>5 Stocks Poised to Pop on Bullish Earnings
From a technical perspective, XOOM bounced higher here right above its 50-day moving average of $26.69 with decent upside volume. This stock recently pulled back from its all-time high of $36.46 to $27.10. During that downtrend, shares of XOOM were consistently making lower highs and lower lows, which is bearish technical price action. It now looks like the downside volatility could be over for XOOM as long as it holds that $27.10 low.
Traders should now look for long-biased trades in XOOM as long as it's trending above $27.10 and then once it sustains a move or close above some near-term overhead resistance at $32.13 with volume that's near or above 221,019 shares. If we get that move soon, then XOOM will set up to re-test or possibly take out its all-time high at $36.46.