52-Week Range: $7.41-$11.56
Thursday's Volume: 1.32 million
Three-Month Average Volume: 487,792 From a technical perspective, REN ripped sharply higher here right off its 200-day moving average of $8.86 with heavy upside volume. This move pushed shares of REN into breakout territory, since the stock took out some near-term overhead resistance levels at $8.91 to 9.10. Shares of REN are now quickly moving within range of triggering another major breakout trade. That trade will hit if REN clears Thursday's high of $9.47 and then once it takes out some past overhead resistance at $9.79 with high volume. Traders should now look for long-biased trades in REN as long as it's trending above its 200-day at $8.86 or above Thursday's low of $8.67 and then once it sustains a move or close above those breakout levels with volume that hits near or above 487,792 shares. If that breakout triggers soon, then REN will set up to re-test or possibly take out its next major overhead resistance levels at $10.25 to $11. Investors Capital Investors Capital ( ICH) is a financial services holding company that provides broker-dealer services and investment advisory services. This stock closed up 2.1% to $6.59 in Thursday's trading session. Thursday's Range: $6.35-$6.68
52-Week Range: $2.96-$8.90
Thursday's Volume: 99,000
Three-Month Average Volume: 17,988 From a technical perspective, ICH trended modestly higher here with above-average volume. This move is quickly pushing shares of ICH within range of triggering a near-term breakout trade. That trade will hit if ICH manages to take out some near-term overhead resistance at $6.80 with high volume. Traders should now look for long-biased trades in ICH as long as it's trending above $6 or above $5.50 and then once it sustains a move or close above $6.80 with volume that hits near or above 17,988 shares. If that breakout triggers soon, then ICH will set up to re-test or possibly take out its 52-week high at $8.90.