Traders should now look for long-biased trades in NNI as long as it's trending above its 50-day at $38.54 or above Wednesday's low of $38, and then once it sustains a move or close above those breakout levels with volume that this near or above 69,791 shares. If that breakout hits soon, then NNI will set up to enter new 52-week-high territory, which is bullish technical price action. Some possible upside targets off that breakout are $45 to $47.
E-Commerce China Dangdang
E-Commerce China Dangdang ( DANG) is engaged in online saldes of books as well as other media products and selected general merchandise categories. This stock closed up 8.5% at $11.70 in Wednesday's trading session.
Wednesday's Volume: 5.08 million
Three-Month Average Volume: 2.88 million
Volume % Change: 175%
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