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TheStreet Open House

5 Stocks in Breakout Territory With Big Volume

Stock quotes in this article: UNXL, MAN, DANG, NNI, GASS


StealthGas ( GASS) owns a fleet of LPG carriers providing international seaborne transportation services to LPG producers and users, as well as crude oil and product carriers chartered to oil producers, refiners and commodities traders. This stock closed up 8.6% to $10.66 in Wednesday's trading session.

Wednesday's Volume: 886,000
Three-Month Average Volume: 181,822
Volume % Change: 367%

>>5 Stocks Set to Soar on Bullish Earnings

From a technical perspective, GASS skyrocketed higher here right off its 200-day moving average of $9.98 with heavy upside volume. This move pushed shares of GASS into breakout territory, since the stock took out or flirted with some near-term overhead resistance levels at $10.33 to $10.72. Shares of GASS are now quickly moving within range of triggering another major breakout trade. That trade will hit if GASS manages to take out Wednesday's high of $10.72 to more resistance at $11.49 with high volume.

Traders should now look for long-biased trades in GASS as long as it's trending above its 200-day at $9.98 or its 50-day at $9.43 and then once it sustains a move or close above those breakout levels with volume that hits near or above 181,822 shares. If that breakout triggers soon, then GASS will set up to re-test or possibly take out its 52-week high at $12.10. Any high-volume move above $12.10 will then give GASS a chance to tag $13 to $14.


Nelnet ( NNI) offers fee-based processing services and quality education-related products and services in four core areas: loan financing, loan servicing, payment processing, and enrollment services. This stock closed up 3.5% at $39.94 in Wednesday's trading session.

Wednesday's Volume: 295,000
Three-Month Average Volume: 69,791
Volume % Change: 247%

>>4 Stocks Under $10 to Watch for Breakouts

From a technical perspective, NNI spiked higher here back above its 50-day moving average of $38.54 with above-average volume. This move pushed shares of NNI into breakout territory, since the stock took out some near-term overhead resistance levels at $38.61 to $38.65. This move is quickly pushing shares of NNI within range of triggering another near-term breakout trade. That trade will hit if NNI manages to take out Wednesday's high of $40 and then once it clears its 52-week high at $41.74 with high volume.

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