52-Week Range: $5.56-$9.74
Thursday's Volume: 75,000
Three-Month Average Volume: 52,442 >>5 Stocks Ready for Breakouts From a technical perspective, SNAK rose modestly higher here right above its 50-day moving average of $9.25 with above-average volume. This move pushed shares of SNAK into breakout territory, since this stock took out some near-term overhead resistance levels at $9.45 to $9.59. Shares of SNAK are now quickly moving within range of triggering another major breakout trade. That trade will hit if SNAK manages to clear some near-term overhead resistance at $9.69 to its 52-week high at $9.74 with high volume. Traders should now look for long-biased trades in SNAK as long as it's trending above 50-day at $9.25 or above more near-term support at $8.95 and then once it sustains a move or close above those breakout levels with volume that hits near or above 52,442 shares. If that breakout triggers soon, then SNAK will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $12 to $13.